why Automatic Data Processing Inc. [ADP] is a Good Choice for Investors After New Price Target of $167.65

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Automatic Data Processing Inc. [NASDAQ: ADP] slipped around -0.38 points on Monday, while shares priced at $173.15 at the close of the session, down -0.22%. The company report on December 10, 2020 that Media Alert: November 2020 ADP Canada National Employment Report to be released on Thursday, December 17, 2020.

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WHAT: The ADP Research Institute® will issue the November 2020 ADP® Canada National Employment Report, on Thursday, December 17, 2020.


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Automatic Data Processing Inc. stock is now 1.55% up from its year-to-date (YTD) trading value. ADP Stock saw the intraday high of $175.81 and lowest of $172.29 per share. The company’s 52-week high price is 182.32, which means current price is +67.93% above from all time high which was touched on 02/18/20.

Compared to the average trading volume of 1.95M shares, ADP reached a trading volume of 2992868 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Automatic Data Processing Inc. [ADP]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ADP shares is $167.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ADP stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cowen have made an estimate for Automatic Data Processing Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on September 21, 2020. While these analysts kept the previous recommendation, Goldman raised their target price to Sell. The new note on the price target was released on July 14, 2020, representing the official price target for Automatic Data Processing Inc. stock.

The Average True Range (ATR) for Automatic Data Processing Inc. is set at 3.25, with the Price to Sales ratio for ADP stock in the period of the last 12 months amounting to 5.05. The Price to Book ratio for the last quarter was 12.78. Price to Free Cash Flow for ADP in the course of the last twelve months was 52.65 with Quick ratio for the last quarter at 1.10.

How has ADP stock performed recently?

Automatic Data Processing Inc. [ADP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.81. With this latest performance, ADP shares gained by 2.20% in over the last four-week period, additionally plugging by 14.08% over the last 6 months – not to mention a rise of 2.91% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ADP stock in for the last two-week period is set at 57.88, with the RSI for the last a single of trading hit 52.75, and the three-weeks RSI is set at 59.84 for Automatic Data Processing Inc. [ADP]. The present Moving Average for the last 50 days of trading for this stock 162.40, while it was recorded at 173.41 for the last single week of trading, and 146.25 for the last 200 days.

Automatic Data Processing Inc. [ADP]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Automatic Data Processing Inc. [ADP] shares currently have an operating margin of +21.53 and a Gross Margin at +45.96. Automatic Data Processing Inc.’s Net Margin is presently recorded at +16.91.

Return on Total Capital for ADP is now 39.58, given the latest momentum, and Return on Invested Capital for the company is 34.02. Return on Equity for this stock inclined to 44.23, with Return on Assets sitting at 6.09. When it comes to the capital structure of this company, Automatic Data Processing Inc. [ADP] has a Total Debt to Total Equity ratio set at 42.73. Additionally, ADP Total Debt to Total Capital is recorded at 29.94, with Total Debt to Total Assets ending up at 6.28. Long-Term Debt to Equity for the company is recorded at 23.42, with the Long-Term Debt to Total Capital now at 16.41.

Reflecting on the efficiency of the workforce at the company, Automatic Data Processing Inc. [ADP] managed to generate an average of $42,526 per employee. Receivables Turnover for the company is 5.98 with a Total Asset Turnover recorded at a value of 0.36.Automatic Data Processing Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

Earnings analysis for Automatic Data Processing Inc. [ADP]

With the latest financial reports released by the company, Automatic Data Processing Inc. posted 1.52/share EPS, while the average EPS was predicted by analysts to be reported at 1.44/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ADP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Automatic Data Processing Inc. go to 11.07%.

Insider trade positions for Automatic Data Processing Inc. [ADP]

There are presently around $60,012 million, or 82.40% of ADP stock, in the hands of institutional investors. The top three institutional holders of ADP stocks are: VANGUARD GROUP INC with ownership of 38,181,543, which is approximately -1% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 30,953,376 shares of the stock with an approximate value of $5.36 billion in ADP stocks shares; and STATE STREET CORP, currently with $3.23 billion in ADP stock with ownership of nearly -1.557% of the company’s market capitalization.

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Positions in Automatic Data Processing Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 635 institutional holders increased their position in Automatic Data Processing Inc. [NASDAQ:ADP] by around 24,641,842 shares. Additionally, 763 investors decreased positions by around 23,922,029 shares, while 299 investors held positions by with 298,026,178 shares. The mentioned changes placed institutional holdings at 346,590,049 shares, according to the latest SEC report filing. ADP stock had 102 new institutional investments in for a total of 3,403,697 shares, while 117 institutional investors sold positions of 1,180,561 shares during the same period.

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