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

up 381.67 %

Automatic Data Processing Inc. (ADP.2008) rated Overweight with price target $53 by Lehman Brothers

Posted on: Thursday,  Jan 31, 2008  9:25 AM ET by Lehman Brothers

Lehman Brothers rated Overweight Automatic Data Processing, Inc. (NASDAQ: ADP) on 01/31/2008. Previously Lehman Brothers rated Buy Automatic Data Processing, Inc. (NASDAQ: ADP)
on 10/31/2007., when the stock price was $16.20. Since then, Automatic Data Processing, Inc. has gained 381.68% as of 11/03/2015's recent price of $78.03.
If you would have followed the previous Lehman Brothers's recommendation on ADP, you would have gained 381.67% of your investment in 2925 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.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/31/2008 9:25 AM Buy
13.29 17.49
as of 12/31/2008
1 Week up  1.27 %
1 Month down  -5.22 %
3 Months down  -8.57 %
1 YTD down  -14.48 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/31/2007 11:25 AM Buy
16.20 18.48

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