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UBS Remains a Hold on Automatic Data Processing (ADP)

Tipranks - Tipranks - Tue May 26, 7:40PM CDT

UBS analyst Kevin Mcveigh maintained a Hold rating on Automatic Data Processing on May 22 and set a price target of $228.00. The company’s shares closed last Friday at $225.31.

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According to TipRanks, Mcveigh is a 3-star analyst with an average return of 2.2% and a 51.13% success rate. Mcveigh covers the Technology sector, focusing on stocks such as Automatic Data Processing, Everforth, and Paylocity.

Currently, the analyst consensus on Automatic Data Processing is a Hold with an average price target of $243.64, an 8.14% upside from current levels. In a report released on May 18, Wells Fargo also upgraded the stock to a Hold with a $214.00 price target.

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Based on Automatic Data Processing’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.94 billion and a net profit of $1.36 billion. In comparison, last year the company earned a revenue of $5.55 billion and had a net profit of $1.25 billion

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