Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Automatic Data Processing Inc (ADP) stock reached a 52-week low, touching 260.22 USD. This milestone reflects a significant downturn for the company, as the stock has experienced a 1-year total return of -8.92%. According to InvestingPro data, the RSI technical indicator suggests ADP is currently in oversold territory. The decline underscores the challenges faced by ADP in the current market environment, as investors respond to broader economic pressures and company-specific factors. Despite trading at a P/E ratio of 30.04, ADP maintains a solid 2.36% dividend yield with 10% dividend growth over the last year. The company has maintained dividend payments for an impressive 52 consecutive years, demonstrating long-term financial stability. This 52-week low marks a notable point in ADP’s recent trading history, highlighting the volatility and uncertainty that have characterized its performance over the past year. InvestingPro analysis indicates ADP is slightly undervalued with a "GOOD" overall financial health rating.
In other recent news, Automatic Data Processing (ADP) reported its Q1 FY2026 earnings, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $2.49, which exceeded the projected $2.44. Additionally, ADP reported $5.2 billion in revenue, outperforming the forecast of $5.14 billion. Despite these positive results, Jefferies adjusted its price target for ADP to $245 from $315, maintaining a Hold rating on the stock. The adjustment comes amidst a mixed outlook for the company. ADP delivered a revenue growth of 7.1%, which was above the Street’s expectation of 6.2%. Furthermore, the company saw earnings per share growth of 6.7%, surpassing the anticipated 4.4%. These developments highlight the recent financial performance and analyst assessments surrounding ADP.
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