Barclays Stick to Their Buy Rating for Automatic Data Processing - Investing.com

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Barclays (LON:) analyst Ramsey El Assal maintained a Buy rating on Automatic Data Processing (NASDAQ:) on Friday, setting a price target of $205, which is approximately 15.50% above the present share price of $177.49.

El Assal expects Automatic Data Processing to post earnings per share (EPS) of $1.40 for the fourth quarter of 2020.

The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Automatic Data Processing, with an average price target of $177.
The analysts price targets range from a high of $200 to a low of $159.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $3.47 billion and a net profit of $755.4 million. The company's market cap is $76.86 billion.

According to TipRanks.com, Barclays analyst Ramsey El Assal is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 19.1% and a 70.82% success rate.

Automatic Data Processing, Inc. engages in the provision of business outsourcing solutions specializes in cloud-based human capital management. It operates through the following business segments: Employer Services; and Professional Employer Organization Services; and Other. The Employer Services segment provides clients ranging from single-employee small businesses to large enterprises with tens of thousands of employees around the world, offering a range of human resources outsourcing and technology-based human capital management solutions, including strategic, cloud-based platforms. The Professional Employer Organization Services segment offers small and mid-sized businesses a human resources outsourcing solution through a co-employment mode. The Other segment comprises of non-recurring gains and losses; miscellaneous processing services; the elimination of intercompany transactions; and interest expense. The company was founded by Henry Taub in 1949 and is headquartered in Roseland, NJ.

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