P/E Ratio Insights for Automatic Data Processing
Portfolio Pulse from Benzinga Insights
Automatic Data Processing Inc.'s (ADP) stock price is at $219.90, after a 0.30% drop, but has increased by 4.52% over the past month. The company's P/E ratio of 28.17 is slightly better than the Professional Services industry's aggregate P/E ratio of 27.89, which may indicate overvaluation.
June 22, 2023 | 7:01 pm
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ADP's stock price has dropped 0.30% to $219.90, but increased by 4.52% over the past month. Its P/E ratio of 28.17 is slightly higher than the industry average, indicating potential overvaluation.
ADP's stock price has experienced a slight drop in the current market session, but has shown growth over the past month. Its P/E ratio is slightly higher than the industry average, which could indicate overvaluation. However, the P/E ratio alone is not enough to determine the stock's future performance, as other factors such as industry trends and business cycles can also impact the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100