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A statement released earlier today by Vetr Inc. about Automatic Data Processing (NASDAQ:ADP) bumps the target price to $97.81

Yesterday Automatic Data Processing (NASDAQ:ADP) traded 0.77% higher at $86.09. ADP’s 50-day average is $88.15 and its two hundred day average is $89.30. With the last stock price close down -1.95% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,381,436 shares of the stock traded hands, down from an average trading volume of 1,576,800

Indicating a possible upside of 0.14%, Vetr Inc. raised the target price of Automatic Data Processing (NASDAQ:ADP) to $97.81

Previously on 10/04/2016, Vetr Inc. reported about Automatic Data Processing (NASDAQ:ADP) raised the target price from $0.00 to $97.81. At the time, this indicated a possible upside of 0.12%.

See Chart Below

Automatic Data Processing (NASDAQ:ADP)

Automatic Data Processing has a 52 week low of $76.65 and a 52 week high of $96.00 with a P/E ratio of 26.96 Automatic Data Processing’s market capitalization is currently $0.

In addition to Vetr Inc. reporting its stock price target, a total of 14 brokerages have issued a ratings update on the company. The average stock price target is $89.79 with 4 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 15 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On Automatic Data Processing (NASDAQ:ADP)

Automatic Data Processing, Inc. (ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions. These offerings include payroll services, benefits administration, recruiting and talent management, human resources management, insurance services, retirement services and payment and compliance solutions. The Company's PEO business, ADP TotalSource, offers small and mid-sized businesses human resources (HR) outsourcing solution through a co-employment model. ADP TotalSource includes HR management and employee benefits functions, including HR administration, employee benefits and employer liability management, into a single-source solution, including HR administration, employee benefits and employer liability management.

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