Stock Update: Automatic Data Processing Inc (NASDAQ:ADP) – Automatic Data Processing, Inc. (Nasdaq: ADP) to Ring Nasdaq Stock Market Opening Bell

[GlobeNewswire] – What: ADP, a leading global provider of human capital management solutions, will visit the Nasdaq MarketSite in Times Square in celebration of the 10th anniversary of the ADP National Employment Report … Read more on this. Automatic Data Processing, Inc. (ADP) , valued at $39.02B, began trading this morning at $85.94. Today’s price range has been between $85.23 and $86.40 per share and has traded between $64.29 and $91.00 over the past 12 months. ADP shares are currently priced at 26.77x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 23.10x earnings multiple. The company pays shareholders $2.12 per share in dividend income per year, for a current yield of 2.44%. 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. Furthermore, our analysis shows the full-year EPS estimate to be $3.24, which would be a $0.35 better when compared to the last 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. The average price target for ADP shares by the analysts covering the stock is $89.79, which is 4.48% above where the stock opened this morning. See more in (NASDAQ:ADP) Similar Articles: Stock Update: Automatic Data Processing Inc (NASDAQ:ADP) – Payroll firm ADP says employee data stolen at some clients Stock Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP(R) Workforce Vitality Report Q1 2016 Shows Accelerated Growth in Wages 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)