Automatic Data Processing Reaches New 52-Week High (ADP)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
NEW YORK (TheStreet) -- Automatic Data Processing (ADP">ADP) hit a new 52-week high Tuesday as it is currently trading at $66.34, above its previous 52-week high of $66.21 with 196,683 shares traded as of 10:20 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.
Automatic Data Processing has a market cap of $31.64 billion and is part of the technology sector and computer software & services industry. Shares are up 14.6% year to date as of the close of trading on Monday.
Automatic Data Processing, Inc. and its subsidiaries provide business outsourcing solutions. The company operates in three segments: Employer Services, Professional Employer Organization (PEO) Services, and Dealer Services. The company has a P/E ratio of 23.4, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Automatic Data Processing Ratings Report.
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