Stock Rating Upgrade
The Value Trend Rating for Automatic Data Processing Inc (NASDAQ: ADP) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 11/8/24, Automatic Data Processing Inc (NASDAQ: ADP) stock declined slightly by -0.04%, closing at $304.73. This decline was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months and has risen 5.4% 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 C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Automatic Data Processing has a poor Appreciation Score of 16 but a good Power Rating of 74, resulting in the Low Neutral Value Trend Rating.
Be the first to comment