Automatic Data Processing Inc [ADP] stock is trading at $296.46, up 0.79%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ADP shares have gain 0.55% over the last week, with a monthly amount drifted -2.60%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Automatic Data Processing Inc [NASDAQ: ADP] stock has seen the most recent analyst activity on January 17, 2024, when BofA Securities upgraded its rating to a Neutral and also boosted its price target to $243 from $217. Previously, Wolfe Research upgraded its rating to Peer Perform on January 04, 2024. On November 07, 2023, UBS initiated with a Neutral rating and assigned a price target of $235 on the stock. RBC Capital Mkts started tracking the stock assigning a Sector Perform rating and suggested a price target of $267 on September 05, 2023. UBS initiated its recommendation with a Neutral and recommended $230 as its price target on June 02, 2023. BofA Securities downgraded its rating to Underperform for this stock on April 03, 2023, and downed its price target to $211. In a note dated March 09, 2022, BofA Securities upgraded an Neutral rating on this stock but restated the target price of $223.
Automatic Data Processing Inc [ADP] stock has fluctuated between $230.38 and $309.63 over the past year. Currently, Wall Street analysts expect the stock to reach $298 within the next 12 months. Automatic Data Processing Inc [NASDAQ: ADP] shares were valued at $296.46 at the most recent close of the market. An investor can expect a potential return of 0.52% based on the average ADP price forecast.
Analyzing the ADP fundamentals
Automatic Data Processing Inc [NASDAQ:ADP] reported sales of 19.52B for the trailing twelve months, which represents a growth of 7.10%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.82 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 293.96 points at the first support level, and at 291.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 298.01, and for the 2nd resistance point, it is at 299.57.
Ratios To Look Out For
For context, Automatic Data Processing Inc’s Current Ratio is 1.01. In addition, the Quick Ratio stands at 1.01 and the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 6.24, the price to book ratio is 22.60 and price to earnings (TTM) ratio is 31.67.
Transactions by insiders
Recent insider trading involved KUTAM SREENIVASA, Corp VP, that happened on Nov 06 ’24 when 38975.0 shares were sold. Officer, KUTAM SREENIVASA completed a deal on Nov 06 ’24 to buy 38975.0 shares. Meanwhile, Corp VP Kwon David sold 100.0 shares on Sep 17 ’24.
