For its first fiscal quarter (ending September 30), Automatic Data Processing Inc (NASDAQ: ADP) has reported a 12% increase in E.P.S. from $2.09 a year ago to $2.34 in the current quarter. E.P.S. were $9.40 for the latest four quarters through September 30 versus $8.45 for the same period a year ago — an increase of 11%.
Recent Price Action
On 10/30/24, Automatic Data Processing Inc (NASDAQ: ADP) stock increased 1.7%, closing at $292.78. Moreover, this advance was accompanied by above average trading volume at 134% of normal. Relative to the market the stock has been strong over the last nine months and is unchanged 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). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Automatic Data Processing has a poor Appreciation Score of 15 but a slightly positive Power Rating of 69, producing 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.
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