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See what the IHS Markit Score report has to say about Automatic Data Processing Inc.

IHS Markit

Automatic Data Processing Inc

NASDAQ/NGS:ADP

Score: Positive (99)

2 days at current score.

Upgraded from Neutral on November 8th 2017

View full report here!

Summary


  • This company ranked positively in 3 out of 4 IHS Markit Categories and also compared to the Industrials sector
  • Perception of the company's creditworthiness is positive
  • ETFs holding this stock are seeing positive inflows
  • Bearish sentiment is low
  • Economic output for the sector is expanding but at a slower rate


Bearish sentiment

Short interest | Positive

Short interest is extremely low for ADP with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ADP.

Money flow

ETF/Index ownership | Positive

ETF activity is positive. Over the last month, growth of ETFs holding ADP is favorable, with net inflows of $21.64 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing.

Economic sentiment

PMI by IHS Markit | Negative

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.

Credit worthiness

Credit default swap | Positive

The current level displays a positive indicator. ADP credit default swap spreads are decreasing and near the lowest level of the last one year, which indicates improvement in the market's perception of the company's credit worthiness.

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