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

Rating:
Sector Perform
ADP
up 47.91 %

Automatic Data Processing, Inc. (ADP) downgraded to Sector Perform by RBC Capital Mkts

Posted on: Friday,  Jan 10, 2014  9:25 AM ET by RBC Capital Mkts

RBC Capital Mkts rated Sector Perform Automatic Data Processing, Inc. (NASDAQ: ADP) on 01/10/2014. Previously RBC Capital Mkts rated Outperform Automatic Data Processing, Inc.
(NASDAQ: ADP) on 05/03/2011., when the stock price was $17.93. Since then, Automatic Data Processing, Inc. has gained 47.92% as of 01/10/2014's recent price of $26.52.
If you would have followed the previous RBC Capital Mkts's recommendation on ADP, you would have gained 47.91% of your investment in 983 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.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/10/2014 9:25 AM Hold
None
26.52
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD down  -0.55 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/3/2011 9:25 AM Buy
None
17.93 19.80
10/21/2009 8:25 AM Buy
None
13.30

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