Robert W. Baird analyst Mark Marcon maintained a Hold rating on Automatic Data Processing (NASDAQ:ADP) on Thursday, setting a price target of $228, which is approximately 1.56% above the present share price of $224.49.
Marcon expects Automatic Data Processing to post earnings per share (EPS) of $1.66 for the fourth quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Hold rating of shares in Automatic Data Processing, with an average price target of $228.4.
The analysts price targets range from a high of $250 to a low of $215.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $3.83 billion and a net profit of $890.5 million. The company's market cap is $94.73 billion.
According to TipRanks.com, Robert W. Baird analyst Mark Marcon is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 31.0% and a 80.00% success rate.
Automatic Data Processing, Inc. is one of the leading providers of cloud-based human resources management solutions worldwide. The company has two operating business segments – Employer Services and Professional Employer Organization (PEO). Under the Employer Services segment, the company provides payroll, talent management, benefits administration, workforce management, HR management, insurance, retirement, and compliance services to clients with workforces ranging from a single employee to tens of thousands of staff members across the world. Under its PEO services division, it offers HR outsourcing solutions to small and mid-sized businesses through a co-employment model.