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ADP Stock Strength Rating Climbs After Share Price Popped About 70% Over Past Year

On Friday, the Relative Strength (RS) Rating for payroll processing giant Automatic Data Processing (ADP) climbed from 70 to 73. The upgrade came after ADP stock shot up about 70% in a year.




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The new 73 RS Rating means that ADP stock has performed in the top 27% of all stocks over the past year. In addition to payroll processing, the company offers a variety of cloud-based human resources software and service products, including benefits and taxes management.

ADP Stock’s Other Key Ratings

The market’s biggest winners typically have an RS Rating north of 80 as they launch their largest climbs. See if Roseland, N.J.-based Automatic Data Processing can continue to show renewed price strength and hit that benchmark.

Among other key ratings, ADP stock has a 76 Composite Rating.

IBD’s Composite Rating combines five separate proprietary ratings of fundamental and technical performance into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better. The company boasts an A SMR Rating (sales+profit margins+return on equity), on an A to E scale with A excellent and E dismal.

Last quarter, earnings were up 5% to $1.20 per share on an 11% rise in revenue to $3.74 billion. The company is expected to report its latest quarterly numbers on or around Oct. 28. ADP stock hit an intraday low of 127.31 in late September 2020 and rose steadily from there to a 217.15 high on Aug 13. It’s consolidated since then in sync with tech stocks’ retrenchment. It traded at 202.18 Friday afternoon, up 1.1%.

Peers In Commercial Services Group

ADP stock holds the No. 10 rank among its peers in the Commercial Services-Outsourcing industry group. Trinet (TNET) and Teletech (TTEC) are also among the group’s highest-rated stocks.


Looking For Winning Stocks? Try This Simple Routine


ADP stock is working on a flat base with a 217.25 buy point. See if the stock can clear the breakout price in heavy trading.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

The exclusive Relative Strength Rating from Investor’s Business Daily measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

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