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Goldman Sachs Group Inc announced Automatic Data Processing (NYSE:ADP), cutting its price target to $108.00 earlier today

Having a price of $102.80, Automatic Data Processing (NYSE:ADP) traded -0.01% lower on the day. With the last stock price down 2.86% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. ADP has recorded a 50-day average of $108.51 and a two hundred day average of $103.81. Trade Volume was down over the average, with 3,116,724 shares of ADP changing hands under the typical 4,890,210

Stating a potential upside of 0.05%, Goldman Sachs Group Inc dropped the price target of Automatic Data Processing (NYSE:ADP) to $108.00

Performance Chart

Automatic Data Processing (NYSE:ADP)

With a total market value of $0, Automatic Data Processing has price-earnings ratio of 27.74 with a one year low of $85.48 and a one year high of $121.77 .

A total of 14 equity analysts have released a ratings update on ADP. Four equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, fifteen equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $89.79.

Brief Synopsis About Automatic Data Processing (NYSE:ADP)

Automatic Data Processing, Inc. (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of human resources (HR) business process outsourcing and technology-enabled HCM solutions. These offerings include payroll services, benefits administration, talent management, HR management, time and attendance management, insurance services, retirement services, and tax and compliance services. ADP TotalSource, ADP's PEO business, offers small and mid-sized businesses a HR outsourcing solution through a co-employment model. As a PEO, ADP TotalSource provides HR management services while the client continues to direct the day-to-day job-related duties of the employees.

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