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


The leading market experts have placed a mean price target of $92.50 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 $0.82 a share for the upcoming quarter and $3.62 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 $91.75, and stock is trading $-1.96 points away or -2.14% from its 50-day moving average of $91.75. Further it is trading $1.01 or +1.14% away its 200-day moving average of $88.78. Automatic Data Processing, Inc. (NASDAQ:ADP) 52-week high is $96.00 and the 52-week low is $74.66.

This explains if the stock moves $-6.21, it will post a 52-week high. In event of +20.27% 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 27.64.

The stock last ended the trading session at $89.79 and registered a market cap of $40.96B. 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 2.36.

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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