Company Update (NASDAQ:ADP): ADP Small Business Report: Small Business Employment Increased by 79,000 Jobs in January

[Marketwired] – Private sector small business employment increased by 79,000 jobs from December to January according to the January ADP Small Business Report®. Due to the important contribution that small businesses make … Read more on this. Automatic Data Processing, Inc. (ADP) , valued at $37.89B, opened at $83.12. During the trading session, ADP traded between $80.81 to $83.24 with the price of the stock fluctuating between $64.29 to $90.67 over the last 52 weeks. ADP shares are currently priced at 25.28x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 14.13x forward p/e ratio. The company pays shareholders $2.12 per share in dividend income per year, for a current yield of 2.55%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $0.72 per share, which would be $0.02 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.25 would be a $0.36 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.81 Billion. If reported, that would be a 5.64% increase over the year-ago quarter. In terms of ratings, Stifel downgraded ADP from Buy to Hold (Dec 5, 2014). Previously, Topeka Capital Markets Initiated ADP at to Sell. When considering if perhaps the stock is under or overvalued, the average price target is $88.23, which is 6.15% above where the stock opened this morning. See more in (NASDAQ:ADP) Similar Articles: Market Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP Small Business Report: Small Business Employment Increased by 95,000 Jobs in December Company Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP Small Business Report: Small Business Employment Increased by 85,000 Jobs in August Company Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP Small Business Report: Small Business Employment Increased by 59,000 Jobs in July