Automatic Data Processing Inc. (NASDAQ:ADP) Relative Strength Index (RSI) is 55.75, with weekly volatility at 1.90% and ATR at 3.46. The ADP stock’s 52-week price range has touched low of $127.31 and a $197.28 high. Intraday shares traded counted 1.35 million, which was 31.3% higher than its 30-day average trading volume of 1.97M. Its shares traded lower over the last trading session, losing -0.04% on 05/17/21. The shares fell to a low of $192.89 before closing at $194.57. ADP’s previous close was $194.64 while the outstanding shares total 425.80M. The firm has a beta of 0.72, a 12-month trailing P/E ratio of 33.86, and a growth ratio of 3.69.
Investors have identified the Staffing & Employment Services company Automatic Data Processing Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $81.89 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Automatic Data Processing Inc. (ADP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ADP, the company has in raw cash 1.89 billion on their books with 0.0 currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 46.75 billion total, with 44.62 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 6.53 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ADP sounds very interesting.
Is the stock of ADP attractive?
In related news, Corp VP, DeSilva Joseph sold 1,316 shares of the company’s stock in a transaction that recorded on May 06. The sale was performed at an average price of 195.29, for a total value of 257,002. As the sale deal closes, the Corp. VP, Dyson Deborah L now sold 500 shares of the company’s stock, valued at 94,360. Also, Corp. VP, Dyson Deborah L sold 535 shares of the company’s stock in a deal that was recorded on Apr 06. The shares were price at an average price of 192.75 per share, with a total market value of 103,121. Following this completion of acquisition, the Corp. VP, Sackman Stuart now holds 576 shares of the company’s stock, valued at 106,560. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
6 out of 23 analysts covering the stock have rated it a Buy, while 12 have maintained a Hold recommendation on Automatic Data Processing Inc.. 3 analysts has assigned a Sell rating on the ADP stock. The 12-month mean consensus price target for the company’s shares has been set at $196.27.