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Do Analysts Agree Friday on Automatic Data Processing Inc (ADP) Stock's Target Price?

Friday, June 09, 2023 03:00 PM | InvestorsObserver Analysts

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Do Analysts Agree Friday on Automatic Data Processing Inc (ADP) Stock's Target Price?

Wall Street is positive on Automatic Data Processing Inc (ADP). On average, analysts give the stock a Buy rating. The average price target is $235, which means analysts expect the stock to rise by 9.44% over the next twelve months. That average ranking earns the stock an Analyst Rating of 13, which is better than 13% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.1
Wall Street analysts are rating ADP a Buy today. Find out what this means to you and get the rest of the rankings on ADP!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Automatic Data Processing Inc Stock Today?

Automatic Data Processing Inc (ADP) stock has fallen -0.21% while the S&P 500 is higher by 0.22% as of 2:47 PM on Friday, Jun 9. ADP is lower by -$0.46 from the previous closing price of $215.19 on volume of 633,811 shares. Over the past year the S&P 500 is up 7.11% while ADP is lower by -0.45%. ADP earned $7.83 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 27.44. Click Here to get the full Stock Report for Automatic Data Processing Inc stock.

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