Qantas shares slide to 6-mth low as airline trims revenue outlook
Automatic Data Processing Inc. (ADP) stock reached a 52-week low, hitting $254.77. This milestone comes amid a challenging year for the company, with its stock experiencing a 13.17% decline over the past 12 months. InvestingPro data shows the stock’s RSI suggests it’s in oversold territory, potentially signaling a buying opportunity for value investors. The company maintains a solid 2.37% dividend yield with impressive 10% dividend growth. The drop to this 52-week low highlights the pressures facing ADP in the current market environment, as investors navigate broader economic uncertainties. Despite its strong position in the human capital management sector, the company’s stock performance reflects wider market trends and sector-specific challenges. With a "GOOD" financial health score and a trading price near its Fair Value according to InvestingPro, ADP has maintained dividend payments for an impressive 52 consecutive years. For deeper insights, check out ADP’s comprehensive Pro Research Report, one of 1,400+ detailed analyses available to subscribers.
In other recent news, Automatic Data Processing Inc. (ADP) reported its first-quarter fiscal 2026 earnings, surpassing analyst expectations with an earnings per share of $2.49, compared to the forecasted $2.44. The company also exceeded revenue projections, posting $5.2 billion against a forecast of $5.14 billion. Despite these positive earnings results, several analyst firms have adjusted their outlooks on ADP. TD Cowen lowered its price target to $263 from $294, citing a mixed outlook, while maintaining a Hold rating. Stifel also reduced its price target to $290 from $318, despite ADP’s first-quarter fiscal 2025 results beating expectations with a 6% revenue growth at constant currency and a 7% increase in earnings per share year-over-year. Jefferies further decreased its price target to $245 from $315, even though ADP delivered a revenue growth of 7.1%, surpassing the expected 6.2%, and an earnings per share growth of 6.7%, beating the forecast of 4.4%. These recent developments reflect a cautious sentiment among analysts despite ADP’s strong financial performance.
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