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UBS Reaffirms Their Hold Rating on Automatic Data Processing (ADP)

Tipranks - Tipranks - Tue Mar 31, 5:21AM CDT

UBS analyst maintained a Hold rating on Automatic Data Processing on March 27 and set a price target of $220.00. The company’s shares closed last Friday at $201.25.

End of Quarter Sale - 50% Off TipRanks

The word on The Street in general, suggests a Hold analyst consensus rating for Automatic Data Processing with a $268.38 average price target, implying a 33.36% upside from current levels. In a report released today, TipRanks – xAI also reiterated a Hold rating on the stock with a $219.00 price target.

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Based on Automatic Data Processing’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.36 billion and a net profit of $1.06 billion. In comparison, last year the company earned a revenue of $5.05 billion and had a net profit of $963.2 million

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