Automatic Data (NASDAQ:ADP) Investors: Citigroup Reaffirms “Neutral” Rating, Sees $118.0/Share

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Citigroup Analyst Rating Change Automatic Data NASDAQ:ADP

Automatic Data (NASDAQ:ADP) Rating Reiterated

Citigroup have a $118.0 TP on the stock. The TP suggests a potential upside of 1.50 % from Automatic Data (NASDAQ:ADP)’s last price. This rating was shown in a report on 12 January.

NASDAQ:ADP is right now trading -0.02% lower at $87.56 as of 10:03 AM New York time. Automatic Data’s stock is 0% over the last 200 days. It has underperformed the S&P 500, which has surged 6.00% over the same time.

According to data compiled by Thomson Reuters, Automatic Data (NASDAQ:ADP)’s stock is covered by 14 equity analysts across the Street, with 2 analysts giving it a Sell rating, 4 a Buy rating, while 15 consider it a Hold. The 12-month consensus target price for the stock is $89.79, which reflects an upside potential of 2.55% over the current price.

Institutional Ownership

Cincinnati Indemnity Co had the most significant stake with ownership of 48,100 shares as of q2 2015 for 18.52% of the stocks portfolio. Cedar Rock Capital Ltd is another notably bullish investment professional who is possessing 4.25M shares of Automatic Data or 9.17% of their stocks portfolio. In addition, Capital Counsel Llc Ny have 7.92% of their stocks portfolio invested in the company for 1.01M shares. The Ohio-based fund Cincinnati Casualty Co revealed it had purchased so far a stake worth about 6.28% of the investment professional’s stock portfolio in Automatic Data. The Ontario – Canada-based fund Heathbridge Capital Management Ltd. is also positive about the stock, possessing 72,000 shares or 6.12% of their stocks portfolio.

Automatic Data (NASDAQ:ADP) Profile

Automatic Data Processing IncAutomatic Data Processing, Inc. (ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions.

Automatic Data (NASDAQ:ADP) traded down -0.02% on 12 January, hitting $87.56. A total of 1.34M shares of the company’s stock traded hands. This is down from average of 1.58M shares. Automatic Data has a 52 week low of $76.65 and a 52 week high of $96. The company has a market cap of $39.97B and a P/E ratio of 26.92.

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