Posts for Ticker ‘ADP,’

Top 10 Analyst Upgrades, Downgrades, Initiations (ACE, ADSK, ADP, BCS, EAT, EP, LXK, NRG, PAYX, TRV)

These are this Wednesday’s top ten analyst upgrades, downgrades, and initiations which we have seen early on from Wall Street research calls:

ACE Limited (ACE) Started as Outperform at RBC Capital Markets.
Autodesk (ADSK) Raised to Buy at Kaufman Bros.
Automatic Data (ADP) Started as Outperform at RBC Capital Markets.
Barclays plc (BCS) Started as Outperform at FBR.
Brinker International Inc. (EAT) Cut to Neutral at Goldman Sachs.
El Paso Corp. (EP) Cut to Hold at Citigroup.
Lexmark (LXK) Raised to Neutral at JPMOrgan.
NRG Energy (NRG) Cut to Hold at Jefferies.
Paychex (PAYX) Started as Market Perform at RBC Capital Markets.
Travelers (TRV) Started as Outperform at RBC Capital Markets.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG
OCTOBER 21, 2009

Posted on: October 21, 2009 – 7:56 am in Analyst Calls, , , , , , , , , ,

Top Analyst Downgrades (T, ADP, GNTX, HAR, JCI, PAYX, YRCW)

These are the top pre-market analyst downgrades or cautious research calls we have seen from Wall Street this Thursday morning with about two hours until the market opens:

AT&T (T) Started as Sell at Pali Research.
Automatic Data (ADP) Cut to Neutral at JPMorgan.
Gentex (GNTX) Cut to Neutral at Baird.
Harman (HAR) Cut to Underperform at Baird.
Johnson Controls (JCI) Cut to Neutral at Baird.
Paychex (PAYX) Cut to Underweight at JPMorgan.
YRC Worldwide (YRCW) Cut to Underperform at Baird.

JON C. OGG

Posted on: June 18, 2009 – 6:38 am in Analyst Calls, , , , , , ,

Early-Bird Analyst Upgrades & Downgrades (DKS, IDXX, MA, WIT, ACS, ADP, CHT, FMCN, NT, PTI, TSS)

These are some of the upgrades and downgrades we are seeing from Wall Street this Tuesday morning:

  • Dick’s Sporting Goods (DKS) Raised to Outperform at Baird.
  • IDEXX Laboratories (IDXX) Started as Buy at Piper Jaffray.
  • Mastercard (MA) Raised to Buy at Goldman Sachs.

Read More »

Posted on: August 19, 2008 – 6:32 am in Analyst Calls, , , , , , , , , , ,

Top Pre-Market Analyst Downgrades (ADP, T, BA, CTL, CMG, CTXS, COST, MCD, SWIR, TCB, TJX)

These are some of the top pre-market analyst Downgrades and negative calls we are seeing this Thursday Morning:

  • Automatic Data Processing (ADP) Cut to Equal Weight at Morgan Stanley.
  • AT&T (T) Cut to Neutral at JPMorgan.
  • Boeing (BA) Cut to Neutral at Cowen & Co.
  • CenturyTel (CTL) Cut to Equal-Weight at Morgan Stanley.
  • Chipotle Mexican Grill (CMG) Cut to Hold at Jefferies.
  • Citrix Systems (CTXS) Cut to Neutral at Baird.
  • Costco Wholesale (COST) Cut to Neutral at JPMorgan.
  • McDonald’s (MCD) Cut to Hold at Deutsche bank.
  • Sierra Wireless (SWIR) Cut to Underperform at Jefferies and cut to Sector Perform at RBC.
  • TCF Financial (TCB) Cut to Underweight at Morgan Stanley
  • TJX Companies (TJX) Cut to Neutral at Credit Suisse.

Jon C. Ogg
July 24, 2008

Posted on: July 24, 2008 – 6:36 am in Analyst Calls, , , , , , , , , , ,

The “AAA” Club: Why The Safest Companies Bet The Market

There are only six companies left with "AAA" ratings from both S&P and Moody’s. The are Automatic Data Processing (ADP), Berkshire Hathaway (BRK), GE (GE), Johnson & Johnson (JNJ), Exxon (XOM), and Toyota (TM).

Wall St. might think that companies with strong ratings would be modest market performers because they make "safe" business decisions. In reality, all of the companies, except Toyota, have out-performed the S&P over the last year. Toyota at least has the excuse that it operates in an industry which has had two brutal years.

The trick for doing well might seem to be that the companies are diversified. But, that is not entirely true, especially with Exxon and ADP. More likely, the firms do extraordinarily well because they have a very large portion of their business coming from outside the US. While the market may be slowing here, it is still robust in some emerging markets and these operations are moving assets to those regions.

The advantages of being global can be overstated. Emerging countries can be politically unstable. But, for the time being, they produce.

Douglas A. McIntyre

Posted on: April 8, 2008 – 5:41 am in Research, , , , ,

Top 10 Pre-Market Analyst Calls (ADP, MKTX, MA, NVO, OXY, OVTI, PAYX, PCG, RAD, TER)

These are not the only analyst calls this morning, but these are the calls that 247WallSt.com is focusing on early this Tuesday morning:

  • Automatic Data (NYSE: ADP) downgraded to Neutral from Buy at Banc of America.
  • MarketAxess (NASDAQ: MKTX) raised to Neutral from Sell at Banc of America.
  • Mastercard (NYSE: MA) raised to Neutral at Credit Suisse.
  • Novo-Nordisk A/S (NYSE: NVO) downgraded to Peer Perform at Bear Stearns.
  • Occidental Petroleum (NYSE: OXY) raised to Outperform at Oppenheimer.
  • OmniVision (NASDASQ: OVTI) raised to Buy from Hold at Jefferies.
  • Paychex (NASDAQ: PAYX) downgraded to Neutral from Buy at Banc of America.
  • PG&E (NYSE: PCG) raised to Overweight from Neutral at JP Morgan.
  • Rite Aid (NYSE: RAD) raised to Overweight from Neutral at JP Morgan.
  • Teradyne (NYSE: TER) raised to Outperform at Oppenheimer.

Jon C. Ogg
February 26, 2008

Posted on: February 26, 2008 – 7:05 am in Analyst Calls, , , , , , , , , ,

Goldman Sachs Changes on Conviction Buy List in Tech (DOX, ADP, SNCR, SVR)

This morning Goldman Sachs has announced some changes to its CONVICTION BUY LIST:

  • Amdocs (NYSE: DOX) is being added to the Americas Conviction Buy list with a 49% return potential to its target after its earnings report.  Recent order flows should give the company a healthy 2008 with accelerating revenue growth and limited macroeconomic headwinds.
  • Automatic Data Processing (NYSE: ADP) is being kept officially as a Buy rating at Goldman, but it is being pulled off of the Conviction Buy List as part of a "moving away from macro-sensitive trends."  ADP is down 15.5% since being added, slightly worse than the S&P at -14.3%, and it has underperformed the S&P over a 6-month and 12-month period.

In the larger Amdocs call away from macro-sensitivity, Goldman Sachs said it is also noting Synchronoss Technologies (NASDAQ: SNCR) as one of its best buy ideas (has a Buy rating).  Goldman is also becoming increasingly optimistic on Syniverse (NYSE: SVR) (although it has a neutral rating today).

Jon C. Ogg
January 23, 2008

Posted on: January 23, 2008 – 9:01 am in Analyst Calls, , , ,

Top 10 Pre-Market Analyst Calls (ACS, DOX, BBBY, ESRX, HD, LOW, NWA, RFMD, SHLD, UA, ADP, BE, CSC, PAYX, SAPE, HEW)

These are not the only key analyst calls that may impact stocks this Monday, but these are the ones that 24/7 Wall St. is focusing on:

  • Affiliated Computer (ACS) raised to Buy from Neutral at UBS.
  • Amdocs (DOX) raised to Buy from Neutral at UBS.
  • Bed Bath & Beyond (BBBY) raised to Outperform from Neutral at Credit Suisse.
  • Express Scripts (ESRX) downgraded to Neutral from Overweight at JP Morgan.
  • Home Depot (HD) & Lowe’s (LOW) both raised to Outperform from Neutral at Credit Suisse.
  • Northwest Airlines (NWA) raised to Outperform from Neutral at Credit Suisse.
  • RF Micro Device (RFMD)raised to Buy from Hold at Deutsche Bank.
  • Sears Holdings (SHLD) downgraded to Underperform from Outperform at Credit Suisse.
  • Under Armour (UA) raised to Buy from Hold at Citigroup.

UBS Downgrades IT and Outsourcing/Business Process sector:

  • Automatic Data (ADP), BearingPoint (BE), Computer Sciences Corp. (CSC), Paychex (PAYX), and Sapient (SAPE) were all downgraded from BUY to NEUTRAL;
  • Hewitt Associates (HEW) downgraded from Neutral to Sell.

Jon C. Ogg
January 14, 2008

Posted on: January 14, 2008 – 7:36 am in Analyst Calls, , , , , , , , , , , , , , , ,

Pre-Market Analyst Calls (September 19, 2007)

ADP added to Goldman Sachs Conviction Buy List.
AOS cut to Underperform at Baird.
ASBC raised to Equal weight at Lehman.
BBX cut to Mkt Perform at KBW.
BHE cut to Neutral at JPMorgan.
CCE cut to Hold at Deutsche Bank.
CCJ cut to Neutral at Merrill Lynch.
CFR cut to Equal Weight at Lehman.
CKFR cut to Hold at Citigroup.
CNET started as Neutral at Oppenheimer.
DIS started as Outperform at Credit Suisse.
EGP started as Buy at Cantor Fitzgerald.
INTX raised to Strong Buy at JMP Securities.
JNPR cut to Neutral at Merrill Lynch.
LCC started as Overweight at Morgan Stanley.
MELI started as Overweight at JPMorgan.
MFA raised to Outperform at Bear Stearns.
MFE cut to Underweight at Morgan Stanley.
PLXS raised to Overweight at JPMorgan.
PRGN started as Buy at UBS.
RHD cut to Neutral at Goldman Sachs.
RT raised to Overweight at JPMorgan.
SIRI cut to Neutral at UBS.
SIVB cut to Underweight at Lehman.
TCBI cut to Equal Weight at Lehman.
TWX started as Neutral at Credit Suisse.
VG cut to Sell at Soleil.
VIA started as Neutral at Credit Suisse.
WRNC raised to Overweight at JPMorgan.
WBS raised to Equal Weight at Lehman.
XMSR cut to Neutral at UBS.
ZINC started as Outperform at FBR.

If you enjoy reading the key upgrades and downgrades on Wall Street, tune in here to 24/7 Wall St. between 7:30 and 8:00 AM EST every day.

Jon C. Ogg
September 19, 2007

Jon C. Ogg produces the 24/7 Wall St., LLC Special Situation Investing Newsletter; he does not own securities in the companies he covers.

Posted on: September 19, 2007 – 7:04 am in Analyst Calls, , , , , , , , , , ,

Top Earnings Next Week: July 30 & 31 (APC, FPL, HUM, MNST, OSTK, RSH, SUNW, VZ, AEP, ADP, AVR, BWLD, CMG, COH, RIO, FSLR, GM, IACI, IMCL, NVT, NMX, RNWK, RUTH, SIRI, UA, WFMI)

MONDAY, JULY 30, 2007
ABN AMRO (ABN)
Anadarko Petroleum Corp. (APC)
Archer Daniels Midland (ADM)
Cameco (CCJ)
FPL Group (FPL)
HSBC Holdings (HBC)
Humana (HUM)
Monster Worldwide (MNST)
Overstock.com (OSTK)
RadioShack Corp. (RSH)
Simon Property (SPG)
Statoil (STO)
Sun Microsystems (SUNW)
Principal Financial Group (PFG)
Tyson Foods (TSN)
Verizon (VZ)
Wm Wrigley (WWY)

TUESDAY, JULY 31, 2007
Alcan (AL)
American Capital Strategies (ACAS)
American Electric Power    (AEP)
Aon Corporation    (AOC)
Automatic Data Processing (ADP)
Aventine Renewable Energy (AVR)
Avon Products (AVP)
Buffalo Wild Wings, Inc. (BWLD)
CBS Corp. (CBS)
Chipotle Mexican Grill (CMG)
Coach, Inc. (COH)
Companhia Vale do Rio Doce-CVRD    (RIO)
Crown Castle International (CCI)   
CryoLife, Inc. (CRY)
Denny’s Corp. (DENN)
DreamWorks Animation SKG (DWA)
Encore Acquisition Company (EAC)
FEI Company (FEIC)
First Solar (FSLR)
Fresh Del Monte (FDP)
Gartner (IT)
General Cable Corp. (BGC)
General Motors (GM)
Headwaters Inc. (HW)   
IAC/Interactive (IACI)
ImClone Systems (IMCL)
IndyMac Bancorp    (IMB)
Liz Claiborne (LIZ)
Marathon Oil (MRO)
MetLife Inc. (MET)
NAVTEQ Corp. (NVT)
NCR Corp. (NCR)
Nicor Inc. (GAS)
Northwest Airlines (NWA)
NYMEX Holdings (NMX)
PMI Group (PMI)
RealNetworks (RNWK)
RenaissanceRe Holdings (RNR)
Ruth’s Chris Steak House (RUTH)
SiRF Tech (SIRF)   
Sirius Satellite Radio (SIRI)
St. Joe Company    (JOE)
Trimble Navigation (TRMB)
Tupperware Brands (TUP)
Turbochef (OVEN)
Under Armour (UA)
Valero Energy (VLO)
Vornado Realty Trust (VNO)
Waste Industries (WWIN)
Waste Management (WMI)
Watts Water Tech (WTS)
WebMD Health (WBMD)   
Whole Foods Market (WFMI)

We will be following up with many of these individually over the weekend and early in the week with full earnings previews.  Have a great weekend.

-The 24/7 Wall St., LLC team

Posted on: July 27, 2007 – 3:43 pm in Calendar, Earnings, , , , , , , , , , , , , , , , , , , , , , , , , ,

Earnings Preview: Paychex (PAYX) (June 2007)

Trading volume in Paychex Inc. (PAYX-NASDAQ) is fairly light ahead of its earnings after the close.  First Call estimates are $0.36 EPS and $496.3 million in revenues.  Today also marks the year-end report for the Fiscal Year ended May-2007. 

Volume is barely past 1 million shares past the mid-point of the day and it usually trades more than 3.5 million shares in a day.  Options traders are not looking for more than a $1.00 move in either direction, and at $39.90 shares are closer to the higher-end of the $32.98 to $42.50 52-week trading range.  If it gives guidance for the quarter ahead, the current estimates are $0.40 EPS and $513 million in revenues.

If the Paychex (PAYX) meets estimates it will have a trailing P/E of 28.3 and its forward P/E ratio for 2008 will be 24.75; and its current market cap is $15.2 Billion.  Automatic Data (ADP-NYSE) is much larger but more diversified competitor at a $26 Billion market cap and it trades at 26-times expected Fiscal June-2006 earnings estimates and trades at 22.3-times 2008 estimates.

With an on again off again economic stance and with the stock closer to historic highs, it is probably not that surprising that volume is light ahead of its report.

Jon C. Ogg
June 27, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 27, 2007 – 12:05 pm in Earnings, ,

Earlybird Analyst Calls (June 18, 2007)

ADP started as Sector Perform at CIBC.
ANDW cut to Neutral at B of A.
ASN cut to Sector Perform at RBC.
CKFR raised to Outperform at CIBC.
CPS cut to Sector Perform at CIBC.
EFD cut to Sell at Citigroup.
ENCY cut to Underperform at Rodman & Renshaw.
FCS raised to Outperform at RWBaird.
FIS started as Outperform at CIBC.
FISV raised to Sector Perform at CIBC.
GME raised to Overweight at JPMorgan.
GPN started as Sector Perform at CIBC.
KDN raised to Buy at KeyBanc/McDonald.
KYPH cut to Market Perform at Wachovia.
NATI raised to Overweight at JPMorgan.
TEK raised to Overweight at JPMorgan.
WDC cut to Neutral at JPMorgan.

Jon C. Ogg
June 18, 2007

Posted on: June 18, 2007 – 6:23 am in Analyst Calls, , , , , , , , , , , , , , , , ,

Cramer’s Got 2 More Financial Service Buyout Picks (TSS, ADP, ADS, BSG, FDC, SNV)

Cramer came on MAD MONEY saying he thinks that Total Systems Services (TSS-NYSE) is one that can be taken over next in a sector and $40.00 would be a fair price based on Alliance Data prices.  Synovis (SNV) is the parent and Third point is now being an activist investor.  The earnings growth of 18% is reason enough to own this.  The only issue he has in the sector is that Automatic Data Processing (ADP) might be acquired first.  Alliance Data Services (ADS) was just acquired, First Data (FDC) is going private, and even Bisys Group (BSG) got gobbled up.  We’ll see, but investors need to keep in mind that some of the premiums in this sector have been pidly.  ADS was nearly a 20% stock jump, but BSG was a horrible low-premium buyout.

Jon C. Ogg
May 21, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: May 21, 2007 – 5:53 pm in Cramer, Financial Stocks, Mergers and Buy Outs, , , , , ,