AG Growth International (TSE:AFN) Had Its PT Downgraded by 7.14% at Scotia Capital to $65.00; Silvercrest Asset Management Group Trimmed Its Automatic Data Processing (ADP) Position

September 18, 2017 - By Stephen Andrade

Silvercrest Asset Management Group Llc decreased Automatic Data Processing Inc (ADP) stake by 13.51% reported in 2016Q4 SEC filing. Silvercrest Asset Management Group Llc sold 9,711 shares as Automatic Data Processing Inc (ADP)’s stock declined 1.06%. The Silvercrest Asset Management Group Llc holds 62,155 shares with $6.39M value, down from 71,866 last quarter. Automatic Data Processing Inc now has $47.37B valuation. The stock declined 0.17% or $0.18 reaching $106.6 per share. About 999,024 shares traded. Automatic Data Processing (NASDAQ:ADP) has risen 15.83% since September 18, 2016 and is uptrending. It has underperformed by 0.87% the S&P500.

In analysts report sent to clients and investors by Scotia Capital on 18 September, AG Growth International (TSE:AFN) had its PT lowered to $65.00. The firm now has Outperform rating on the stock.

Among 6 analysts covering AG Growth International (TSE:AFN), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. AG Growth International has $65 highest and $40 lowest target. $56.06’s average target is 9.79% above currents $51.06 stock price. AG Growth International had 27 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of Ag Growth International Inc (TSE:AFN) has “Outperform” rating given on Thursday, January 12 by IBC. The company was reinitiated on Wednesday, September 30 by National Bank Canada. The company was maintained on Thursday, February 16 by Scotia Capital. The stock has “Outperform” rating by Altacorp on Monday, August 24. The stock has “Hold” rating by TD Securities on Thursday, March 16. Scotia Capital maintained it with “Sector Perform” rating and $56 target in Thursday, March 16 report. Laurentian maintained it with “Buy” rating and $45.50 target in Monday, August 17 report. The firm has “Sector Perform” rating given on Thursday, June 9 by Scotia Capital. The stock of Ag Growth International Inc (TSE:AFN) earned “Outperform” rating by RBC Capital Markets on Tuesday, March 21.

Ag Growth International Inc. is a Canada maker of agricultural equipment. The company has market cap of $822.22 million. The Firm focuses on grain handling, storage and conditioning products. It has a 35.86 P/E ratio. The Company’s products service both Farm and Commercial markets, and sells to farmers, contractors and corporate entities.

About 291,255 shares traded or 909.65% up from the average. Ag Growth International Inc (TSE:AFN) has 0.00% since September 18, 2016 and is . It has underperformed by 16.70% the S&P500.

Analysts await Automatic Data Processing (NASDAQ:ADP) to report earnings on November, 1. They expect $0.85 earnings per share, down 1.16% or $0.01 from last year’s $0.86 per share. ADP’s profit will be $377.72 million for 31.35 P/E if the $0.85 EPS becomes a reality. After $0.65 actual earnings per share reported by Automatic Data Processing for the previous quarter, Wall Street now forecasts 30.77% EPS growth.

Since March 17, 2017, it had 0 buys, and 1 insider sale for $4.94 million activity. Shares for $301,197 were sold by Perrotti Thomas J on Friday, March 17. Eberhard Michael C sold $783,615 worth of stock. Another trade for 49,392 shares valued at $4.94 million was sold by Rodriguez Carlos A.

Investors sentiment decreased to 0.77 in 2016 Q4. Its down 0.06, from 0.83 in 2016Q3. It fall, as 46 investors sold ADP shares while 423 reduced holdings. 116 funds opened positions while 293 raised stakes. 345.06 million shares or 1.28% more from 340.71 million shares in 2016Q3 were reported. Glynn Capital Mgmt Ltd Liability Com stated it has 7,130 shares. Bokf Na has invested 0.19% in Automatic Data Processing (NASDAQ:ADP). Stifel Fin Corporation holds 0.15% or 348,196 shares. Loring Wolcott And Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma has invested 3.5% in Automatic Data Processing (NASDAQ:ADP). 8,246 are held by Forward Limited Liability Corp. Evermay Wealth Mgmt Ltd Liability invested 0.1% in Automatic Data Processing (NASDAQ:ADP). Peddock Cap Advsrs Limited Liability Company invested in 0.09% or 1,450 shares. The New York-based Glg Lc has invested 0.2% in Automatic Data Processing (NASDAQ:ADP). Glenmede Tru Na holds 0.33% or 582,373 shares in its portfolio. Acadian Asset Mngmt Limited Liability Company has invested 0% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Amica Retiree Medical owns 2,677 shares. Tradition Cap Mngmt Ltd Liability invested in 0.15% or 4,382 shares. Macquarie Group Ltd stated it has 0% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Iat Reinsurance Com holds 3.42% or 193,000 shares in its portfolio. Riverhead Cap Ltd Liability Com reported 6,880 shares.

Among 18 analysts covering Automatic Data (NASDAQ:ADP), 2 have Buy rating, 3 Sell and 13 Hold. Therefore 11% are positive. Automatic Data had 35 analyst reports since August 3, 2015 according to SRatingsIntel. JP Morgan maintained it with “Neutral” rating and $89 target in Friday, August 14 report. The company was initiated on Tuesday, December 20 by Barclays Capital. On Friday, June 2 the stock rating was downgraded by Evercore to “Underperform”. The firm has “Sector Perform” rating given on Thursday, February 4 by RBC Capital Markets. Goldman Sachs upgraded Automatic Data Processing (NASDAQ:ADP) on Friday, December 16 to “Buy” rating. On Monday, May 2 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Neutral” rating on Friday, September 9 by Wedbush. The firm earned “Outperform” rating on Monday, August 31 by William Blair. Compass Point initiated the shares of ADP in report on Friday, April 15 with “Sell” rating. On Tuesday, July 18 the stock rating was downgraded by Barclays Capital to “Equal-Weight”.

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