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ADP

ADP

$147.41

-1.71 (-1.15%)

13:55
09/25/18
09/25
13:55
09/25/18
13:55

ADP put volume heavy and directionally bearish

Bearish flow noted in ADP with 3,583 puts trading, or 3x expected. Most active are 9/28 weekly 148 puts and Jun-19 160 calls, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.13, while ATM IV is up over 1 point on the day. Earnings are expected on October 31st.

  • 22

    Oct

  • 31

    Oct

ADP ADP
$147.41

-1.71 (-1.15%)

06/13/18
BMOC
06/13/18
NO CHANGE
Target $138
BMOC
Market Perform
ADP price target rasied to $138 from $126 at BMO Capital
BMO Capital analyst Jeffrey Silber raised his price target on ADP to $138 after the company offered updated financial targets through FY21 at its investor call. Silber points to the raised EPS growth rate projections of 16%-19% being driven by accelerated margin expansion, adding that the campaign by activist investor Pershing Square has had some influence in the company's transformation. The analyst also keeps his Market Perform rating on ADP.
07/17/18
WOLF
07/17/18
INITIATION
Target $175
WOLF
Outperform
ADP initiated with an Outperform at Wolfe Research
Wolfe Research analyst Darrin Peller initiated ADP with an Outperform and $175 price target.
08/10/18
FBCO
08/10/18
INITIATION
Target $160
FBCO
Outperform
ADP initiated with an Outperform at Credit Suisse
Credit Suisse analyst Kevin McVeigh initiated the Business and Professional Services sector, starting ADP with an Outperform rating and $160 price target, telling investors that he is "impressed" with the company's business model, which offers the opportunity to own a unique, HR-related ecosystem and is "comfortable" that recent investments aimed at driving growth have been successful.
08/20/18
GUGG
08/20/18
INITIATION
Target $175
GUGG
Buy
ADP initiated with a Buy at Guggenheim
Guggenheim analyst Nandan Amladi initiated Automatic Data Processing with a Buy rating and a price target of $175.

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