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Enter Symbol:
 
Automatic Data Processing, Inc. (ADP) [hlAlert]

Rating:
Underperform
ADP
down 75.48 %

Automatic Data Processing, Inc. (ADP) rated Underperform by Jefferies

Posted on: Wednesday,  Sep 12, 2012  8:25 AM ET by Jefferies

Jefferies rated Underperform Automatic Data Processing, Inc. (NASDAQ: ADP) on 09/12/2012, when the stock price was $19.13. Since
then, Automatic Data Processing, Inc. has gained 307.89% as of 11/03/2015's recent price of $78.03.
If you would have followed this Jefferies's recommendation on ADP, you would have lost 75.48% of your investment in 1147 days.

Automatic Data Processing, Inc. (ADP) is engaged in providing business outsourcing solutions. ADP offers a range of human resource (HR), payroll, tax and benefits administration solutions from a single source. ADP is also a provider of integrated computing solutions to automotive, heavy truck, motorcycle, marine and recreational vehicle dealers globally. The Company?s segment includes Employer Services, Professional Employer Organization (PEO) Services and Dealer Services. Employer Services offers a range of HR information, payroll processing, tax and benefits administration solutions and services, including traditional and Web-based outsourcing solutions, that assist approximately 540,000 employers in the United States, Canada, Europe, South America (primarily Brazil), Australia and Asia to staff, manage, pay and retain their employees. In November 2009, the Company announced the purchase of HRinterax, Inc.

Jefferiess' research efforts cover U.S. & International equity, high yield, convertibles, derivatives and option strategies, investment grade fixed income, post-reorganization securities, as well as special situations and quantitative research. Our team of more than 150 research professionals covers nearly 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes while providing in-depth, thought provoking, objective research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/12/2012 8:25 AM Sell
None
19.13
as of 12/31/2012
1 Week up  0.95 %
1 Month down  -0.33 %
3 Months up  2.94 %
1 YTD up  1.79 %

(*) Stock Price at the time of the recommendation.
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