Stock To Watch: Automatic Data Processing, Inc. (NASDAQ:ADP)


The leading market experts have placed a mean price target of $90.50 on Automatic Data Processing, Inc. (NASDAQ:ADP) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.78 a share for the upcoming quarter and $3.24 for the current fiscal. Technical View The technical analysis of Automatic Data Processing, Inc. plainly substantiates that the 50-day moving average of Automatic Data Processing, Inc. is $89.64, and stock is hovering 5.39 or +6.01% distant from $89.64. It is noted that the 200-day MA is $86.63, and Automatic Data Processing, Inc. stock is $8.40 or +9.70% off from this point. Automatic Data Processing, Inc. (NASDAQ:ADP) 52-week high is $95.78 and the 52-week low is $64.29. This explains if the stock moves $-0.75, it will post a 52-week high. In event of $+47.81% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Automatic Data Processing, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Automatic Data Processing, Inc. (NASDAQ:ADP) ratio came in at 28.44. The stock last ended the trading session at $95.03 and registered a market cap of $43.29B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Automatic Data Processing, Inc. (NASDAQ:ADP) PEG ratio is at 2.83.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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