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

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

On 11/06/2017, RBC Capital Markets released a statement for Automatic Data Processing ADP (NYSE:ADP) bumped up the target price from $95.00 to $100.00 that indicated a possible downside of -0.10%.

Yesterday Automatic Data Processing ADP (NYSE:ADP) traded 0.81% higher at $112.14. The company’s 50-day moving average is $110.88 and its 200-day moving average is $105.50. The last stock close price is up 12.08% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. Volume of trade was down over the average, with 1,590,605 shares of ADP changing hands under the typical 4,309,180

Performance Chart

Automatic Data Processing ADP (NYSE:ADP)

With a market capitalization of $0, Automatic Data Processing ADP has 52 week low of $86.53 and a 52 week high of $121.77 with a price-earnings ratio of 30.71 .

A total of 14 equity analysts have released a ratings update on ADP. 4 brokers rating the stock a strong buy, 0 firms rating the stock a buy, 15 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 1 broker rating the stock a sell with a average stock price target of $89.79.

General Information About Automatic Data Processing ADP (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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