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New Sell Rating for Automatic Data Processing (ADP), the Technology Giant

Tipranks - Tue Mar 24, 4:06AM CDT

Wells Fargo analyst Jason Kupferberg maintained a Sell rating on Automatic Data Processing today and set a price target of $262.00.

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Kupferberg covers the Technology sector, focusing on stocks such as Automatic Data Processing, Epam Systems, and Fidelity National Info. According to TipRanks, Kupferberg has an average return of -6.8% and a 45.47% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Automatic Data Processing with a $276.31 average price target.

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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