Market Update (NASDAQ:ADP): ADP Expands the Reach of Its Global Payroll Services to 111 Countries and Territories in Response to the Growing Need for Local Regulations Expertise

[Marketwired] – ADP’s Global Payroll Services are available in 111 countries and territories now that the company has established new operations in seven additional locations: Angola, Azerbaijan, Guam, Mozambique, Puerto … Read more on this. Automatic Data Processing, Inc. (ADP) , valued at $40.99B, began trading this morning at $90.07. Looking at the stock, its one day range is $89.51 to $90.45 with a trailing 52-week range being $64.29 to $90.94. ADP (ADP) shares are currently priced at 27.70x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.10x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.12 per share annually in dividends, yielding 2.36%. According to a consensus of 19 analysts, the earnings estimate of $1.18 per share would be $0.14 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $3.24 which would be a $0.35 better than last year’s full-year earnings. 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. In terms of ratings, Stifel downgraded ADP from Buy to Hold (Dec 5, 2014). Previously, Topeka Capital Markets Initiated ADP at to Sell. Given all the information above, we should disclose to readers that the average price target is $86.46, which is 4.01% below than it opened this morning. See more in (NASDAQ:ADP) Similar Articles: Market Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP to Announce Third Quarter Fiscal 2016 Financial Results on April 28, 2016 Stock Update: Automatic Data Processing Inc (NASDAQ:ADP) – TTM Technologies Embarks on a Strategic Human Resources Journey After Acquisition by Implementing a Unified ADP Payroll Solution in North America Market Update (NASDAQ:ADP): ADP tops 1Q profit forecasts