JP Morgan raised the price target for the Automatic Data Processing Inc. (NASDAQ:ADP) stock from “a Neutral” to “an Underweight”. The rating was released on August 17, 2021. The research report from Citigroup has downgraded the stock from Buy to Neutral, with a price target set at $220. The stock was initiated by Mizuho, who disclosed in a research note on February 11, 2021, to Buy and set the price objective to $210. In their research brief published January 29, 2021, Citigroup analysts upgraded the Automatic Data Processing Inc. stock from Neutral to Buy with a price target of $190.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Automatic Data Processing Inc. (NASDAQ:ADP) raised 0.41% to close Friday’s market session at $202.22, higher as compared to yesterday’s close. The stock price fluctuated between $200.72 and $202.89 throughout the trading session with the volume trading being 884143 shares, which represented a significant variation when compared to the three months average volume of 1.48 million shares. The firm’s stock price fluctuated 1.79% within the last five trades and -2.87% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 4.95% in the last 6 months and 2.46% was added to its value over the previous 3 months. ADP stock is trading at a margin of -0.36%, -2.39% and 6.45% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ADP deals in the Industrials domain. The stock is trading -6.88 percent below its 52-week high and 58.84 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 36.88. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Automatic Data Processing Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 22.00 percent and the profit margin is 17.30 percent, and the company has reported a gross margin of 42.60 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $85.44 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Automatic Data Processing Inc. (NASDAQ:ADP) is 33.32. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 27.69. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 5.69 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 15.10, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of Automatic Data Processing Inc. shares are owned by insiders, and 81.30 percent are held by financial institutions. Rodriguez Carlos A, the President & CEO at Automatic Data Processing Inc. (ADP) has sold 48,572 shares of firm on Sep 08 at a price of $204.41 against the total amount of $9.93 million. In another inside trade, Ayala John, Corp. VP of Automatic Data Processing Inc. (NASDAQ:ADP) sold 37,749 shares of the firm on Sep 03 for a total worth of $7.72 million at a price of $204.50. An inside trade which took place on Sep 02, Corp. VP of Automatic Data Processing Inc. Black Maria sold 6,667 shares of firm against total price of $1.37 million at the cost of $205.49 per share.