5 Stocks Out Of Favor With Analysts Right Now

By Larry Gellar We’ve identified 5 widely held stocks that analysts don’t think too highly of. While Automatic Data Processing (ADP), E*Trade (ETFC), and Progressive (PGR) are receiving true downgrades, price target and/or earnings estimates have been reduced for Xerox (XRX) and Boeing (BA). Let’s see what’s been happening with these 5 stocks: Automatic Data Processing Analyst action: Both Wells Fargo (WFC) and Citigroup (C) downgraded Automatic Data Processing to Neutral or Neutral-equivalent ratings. Recent performance: Automatic Data Processing fell below $48 in November, but the stock is now trading for over $55 a share. Recent headlines: Automatic Data Processing just reported earnings. Both profit per share and revenue were in line with analyst estimates, although the company did lower its projections a bit for next year’s profit growth. That was merely due to the sale of an asset, however, and other important statistics look good for ADP. Bookings grew 14% on a quarter-to-quarter basis and are expected to grow another 12% in the coming year. Additionally, ADP is introducing exciting new products such as Run, a Web-based payroll manager, and Vantage, a piece of software for human capital management. What we think: Automatic Data Processing has a dividend yield…