Sell-side PT & Stock Update on Automatic Data Processing, Inc. (NASDAQ:ADP), CVS Health Corporation (NYSE:CVS)

Automatic Data Processing, Inc. (NASDAQ:ADP) shares are trading -0.01% thus far today and have traded in the range of 106.25 – 107.79 during the current session. In order to take a look at where the stock might headed longer term, we can also look at different sets of data. Sell-side research firms currently have a consensus one year price target of $105.38 on the stock according to First Call. This number can often vary from the Zacks or FactSet mean targets. The sell-side analysts are projecting earnings per share of $0.89 for the next fiscal quarter. For the current year, analysts are predicting earnings of $3.81 per share according to First Call.

Stock Technicals in Focus

In looking at where the stock is trading on a technical level, the stock is trading -1.60% away from its 50 day moving average of $108.51. Based on the most recent available data, the equity is -12.31% off of its 52-week high of $121.77 and +24.92% away from its 52-week low which is $85.48. In taking a look at the company’s valuation, the firm’s price to earnings ratio stands at 27.74. This is a crucial indicator investors watch as higher ratios compared to peers, would suggest higher future earnings growth potential for the stock. The price to current year EPS estimates from research analysts currently stands at 28.03. In looking further ahead, potential investors should note that the company’s price to next year’s EPS estimates is 25.18.

Today, the stock opened at $106.89 and the last bid at the time of writing stood at $106.78. During the session thus far, the equity dipped down to $106.25 and touched $107.79 as the high point. Automatic Data Processing, Inc. has a market cap of 47.45B and has seen an average daily volume of 4890210 over the past three months.

CVS Health Corporation (NYSE:CVS) shares are trading +0.64% thus far today and have traded in the range of 81.48 – 83.36 during the current session. In order to take a look at where the stock might headed longer term, we can also look at different sets of data. Sell-side research firms currently have a consensus one year price target of $86.42 on the stock according to First Call. This number can often vary from the Zacks or FactSet mean targets. The sell-side analysts are projecting earnings per share of $1.91 for the next fiscal quarter. For the current year, analysts are predicting earnings of $5.88 per share according to First Call.

Stock Technicals in Focus

In looking at where the stock is trading on a technical level, the stock is trading +5.38% away from its 50 day moving average of $78.92. Based on the most recent available data, the equity is -8.45% off of its 52-week high of $90.85 and +20.01% away from its 52-week low which is $69.30. In taking a look at the company’s valuation, the firm’s price to earnings ratio stands at 16.57. This is a crucial indicator investors watch as higher ratios compared to peers, would suggest higher future earnings growth potential for the stock. The price to current year EPS estimates from research analysts currently stands at 14.14. In looking further ahead, potential investors should note that the company’s price to next year’s EPS estimates is 13.10.

Today, the stock opened at $82.21 and the last bid at the time of writing stood at $83.17. During the session thus far, the equity dipped down to $81.48 and touched $83.36 as the high point. CVS Health Corporation has a market cap of 84.55B and has seen an average daily volume of 5506050 over the past three months.

By Standard Staff Contributor