Stifel analyst David Grossman maintains $Automatic Data Processing (ADP.US)$ with a hold rating, and maintains the target price at $305.
According to TipRanks data, the analyst has a success rate of 56.6% and a total average return of 5.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Automatic Data Processing (ADP.US)$'s main analysts recently are as follows:
The enhanced performance and better execution of ADP can be attributed to its successful overhaul of crucial products within the down- and mid-markets. This positions the company well for potential improvements at the enterprise level.
The firm mentioned that ADP's Q1 results aligned well with expectations, showcasing consistent execution by ADP that led to strong bookings amidst a stable HCM demand landscape.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
