Market Update (NASDAQ:ADP): ADP Ranked #19 in Training Magazine’s "Training Top 125" List for 2016

[Marketwired] – ADP ® announced today that it has been ranked number 19 in Training magazine’s Training Top 125 rankings for 2016. The rankings were unveiled February 15th during an awards gala at the Training 2016 Conference … Read more on this. Automatic Data Processing, Inc. (ADP) , valued at $38.14B, opened at $83.05. Today’s price range has been between $82.59 and $83.46 per share with its 52-week range being $64.29 to $90.67. Priced at 25.23x this year’s forecasted earnings, ADP shares are relatively expensive compared to the industry ’s 12.64x forward p/e ratio. And for income investors, the company pays shareholders $2.12 per share annually in dividends, yielding 2.59%. 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. What we find to be interesting is that the full-year EPS estimate of $3.24 is a $0.35 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.28 Billion. If realized, that would be a 8.25% increase over the year-ago quarter. Recently, Stifel downgraded ADP from Buy to Hold (Dec 5, 2014). Previously, Topeka Capital Markets Initiated ADP at to Sell. With the above information in mind, readers should note that the average price target is $87.83, which is 5.76% above where the stock opened this morning. See more in (NASDAQ:ADP) Similar Articles: Market Update (NASDAQ:ADP): ADP tops 1Q profit forecasts Market Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP Marketplace Celebrates Its First Anniversary of Unlocking Innovation for the Human Capital Management Industry Company Update (NASDAQ:ADP): ADP to Announce First Quarter Fiscal 2016 Financial Results on October 28, 2015