Automatic Data Processing (ADP) stock is getting added attention due to various reasons such as impressive returns over the past five years and expected earnings rise. Even though Davis R M Inc., has cut its holdings in ADP, Sachetta Inc. and Brown Advisory have increased theirs. The company's Q3 reports outperformed expectations, contributing to a positive Dividend Aristocrats index. The firm is also considered a 'safe' dividend stock. ADP's stock pricing is under scrutiny, as several evaluations have stated that it may be overpriced, prompting investor's concern. Insider trading has also been noticed. Meanwhile, the company continues to show predictable growth, surpassing analyst estimates each quarter. Despite some price drops, the general outlook on ADP remains positive, especially considering the robust American labor market. However, there is a consensus 'hold' rating among brokerages, showing some uncertainty in the immediate future of this stock.
Automatic Data Processing ADP News Analytics from Wed, 26 Jul 2023 07:00:00 GMT to Sun, 26 May 2024 13:52:25 GMT -
Rating 5
- Innovation 6
- Information 8
- Rumor -1
