Automatic Data Processing Inc
ADP: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$465.00 | Rhxzk | Njkptqph |
ADP Enjoys Resilient Revenue Retention in Q3 2022 As Labor Markets Normalize, FVE Up 3% to $228
We raise our fair value estimate for ADP 3% to $228 from $222 due to equal parts time value of money and a modest upgrade to medium-term forecasts following a strong fiscal 2022 third-quarter result. Our fair value estimate sits in line with the current share price.