Market Update: Automatic Data Processing Inc (NASDAQ:ADP) – New Jersey Added 2,800 Private Sector Jobs in January, According to ADP Regional Employment Report(R)

[Marketwired] – The State of New Jersey added 2,800 private sector jobs during the month of January, according to the ADP Regional Employment Report which is produced by ADP®, a leading global provider of Human Capital … Read more on this. Automatic Data Processing, Inc. (ADP) , with a current market cap of $37.60B, opened at $81.82. Today’s price range has been between $81.51 and $82.57 per share with a one year range of $64.29 to $90.67. ADP shares are currently priced at 25.08x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 14.13x earnings multiple. The company pays shareholders $2.12 per share annually in dividends, yielding 2.61%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.18 per share, which would be $0.14 better than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $3.24 is a $0.35 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.28 Billion. If reported, that would be a 8.25% increase over the year-ago quarter. More recently, Stifel downgraded ADP from Buy to Hold (Dec 5, 2014). Previously, Topeka Capital Markets Initiated ADP at to Sell. Investors should keep in mind is that the average price target is $87.83, which is 7.35% above where the stock opened this morning. See more in (NASDAQ:ADP) Similar Articles: Company Update: Automatic Data Processing Inc (NASDAQ:ADP) – New Jersey Added 1,600 Private Sector Jobs in September, According to ADP Regional Employment Report(R) Market Update (NASDAQ:ADP): New Jersey Added 4,200 Private Sector Jobs in August, According to ADP Regional Employment Report(R) Stock Update: Automatic Data Processing Inc (NASDAQ:ADP) – Florida Added 13,700 Private Sector Jobs in July, According to ADP Regional Employment Report(R)