Market Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP Small Business Report: Small Business Employment Increased by 76,000 Jobs in May

[Marketwired] – Private sector small business employment increased by 76,000 jobs from April to May according to the March ADP Small Business Report®. Due to the important contribution that small businesses make to economic … Read more on this. Automatic Data Processing, Inc. (ADP) , valued at $39.90B, opened at $88.04. Looking at today’s market, ADP one day range is $87.56 to $88.12 with a one year range of $64.29 to $91.00. Priced at 27.11x this year’s forecasted earnings, ADP shares are relatively expensive compared to the industry’s 19.56x forward p/e ratio. According to a consensus of 18 analysts, the earnings estimate of $0.67 per share would be $0.12 better than the year-ago quarter and a $0.01 sequential increase. 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 $2.93 Billion. If realized, that would be a 8.92% increase over the year-ago quarter. In terms of ratings, Compass Point Initiated ADP at Sell (Apr 15, 2016). Previously, Stifel downgraded ADP from Buy to Hold. Investors should keep in mind is that the average price target is $89.79, which is 1.99% above where the stock opened this morning. See more in (NASDAQ:ADP) Similar Articles: Company Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP Small Business Report: Small Business Employment Increased by 86,000 Jobs in March Stock Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP France National Employment Report: Private Sector Employment in France Increased by 12,500 Jobs in January 2016 Market Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP Small Business Report: Small Business Employment Increased by 95,000 Jobs in December