For its fourth fiscal quarter (ending June 30), Automatic Data Processing Inc (NASDAQ: ADP) has reported E.P.S. of $2.03 compared to $1.88 a year ago. E.P.S. were $9.14 for the latest four quarters through June 30 versus $8.25 for the same period a year ago.
Recent Price Action
On 7/31/24, Automatic Data Processing Inc (NASDAQ: ADP) stock increased 1.9%, closing at $262.62. Moreover, trading volume in this advance was unusually high at 190% of normal. The stock has performed in line with the market over the last nine months and has risen 5.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ADP is expected to continue to be a major Value Builder.
Automatic Data Processing has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Automatic Data Processing has a poor Appreciation Score of 15 but a neutral Power Rating of 56, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment