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

Rating:
Buy ADP
up 566.06 %

Automatic Data Processing, Inc. (ADP) rated Buy with price target $44 by Citigroup

Posted on: Monday,  Apr 20, 2009  8:25 AM ET by Citigroup

Citigroup rated Buy Automatic Data Processing, Inc. (NASDAQ: ADP) on 04/20/2009, when the stock price was $11.72. Since
then, Automatic Data Processing, Inc. has gained 566.07% as of 11/03/2015's recent price of $78.03.
If you would have followed this Citigroup's recommendation on ADP, you would have gained 566.06% of your investment in 2388 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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/20/2009 8:25 AM Buy
None
11.72 14.52
as of 12/31/2009
1 Week up  14.01 %
1 Month up  12.86 %
3 Months up  24.78 %
1 YTD up  38.14 %

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