Breaking Finance News

Morgan Stanley upgraded Automatic Data (NASDAQ:ADP) from Underweight to Equal-Weight in a report released today.

Yesterday Automatic Data (NASDAQ:ADP) traded 0.81% higher at $116.26. ADP’s 50-day average is $110.88 and its two hundred day average is $105.50. With the last stock price close up 12.08% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 1,590,605 shares of ADP traded hands, down from an average trading volume of 4,309,180

Morgan Stanley has upgraded Automatic Data (NASDAQ:ADP) from Underweight to Equal-Weight in a report released on 11/14/2017.

Previously on 11/6/2017, RBC Capital reported about Automatic Data (NASDAQ:ADP) raised the target price from $95.00 to $100.00. At the time, this indicated a possible downside of -0.14%.

Recent Performance Chart

Automatic Data (NASDAQ:ADP)

Automatic Data has 52 week low of $86.53 and a 52 week high of $121.77 with a PE ratio of 30.71 and has a market capitalization of $0.

In addition to Morgan Stanley 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 (NASDAQ: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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *