Investment Highlights:
- Automatic Data Processing (ADP, Financial) boosts full-year adjusted EPS growth guidance to 8%-9%.
- Fiscal Q3 results exceed expectations with EPS at $3.06 and revenue at $5.55 billion.
- Current analyst consensus recommends a "Hold" on ADP stock.
Automatic Data Processing (ADP) has taken a positive step forward by raising its full-year guidance for adjusted earnings per share (EPS) growth to a range of 8%-9%. The company has also improved its forecast for the adjusted EBIT margin by 40-50 basis points. The strong fiscal Q3 results, with an EPS of $3.06 and revenue climbing to $5.55 billion, have surpassed market expectations and set a promising tone for the future.
Wall Street Analysts Forecast
According to predictions from 14 analysts, the one-year average price target for Automatic Data Processing Inc (ADP, Financial) is $309.94. Estimates vary with a high of $350.00 and a low of $284.15, suggesting an upside potential of 4.79% from the current stock price of $295.77. For a more detailed analysis on price targets, visit the Automatic Data Processing Inc (ADP) Forecast page.
The current consensus from 18 brokerage firms positions Automatic Data Processing Inc (ADP, Financial) with an average brokerage recommendation of 2.8, categorizing it as a "Hold." This rating is part of a scale ranging from 1 (Strong Buy) to 5 (Sell).
From GuruFocus estimates, the projected GF Value for Automatic Data Processing Inc (ADP, Financial) in one year stands at $310.09, indicating a potential upside of 4.84% from the present price of $295.77. GF Value represents GuruFocus' fair value estimation for stock trading, based on historical trading multiples, past business growth, and anticipated future performance. For a comprehensive summary, refer to the Automatic Data Processing Inc (ADP) Summary page.
