Market Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP: Midsized Business Owners Most Concerned About Government Regulation, Topping Concerns on Affordable Care Act, Health Care Costs

[Marketwired] – A new ADP® study released today reveals middle market employers’ concerns about government regulations have grown dramatically, superseding their concerns about the Affordable Care Act — signed into law … Read more on this. Automatic Data Processing, Inc. (ADP) , valued at $36.88B, opened at $80.95. A quick look at the market, the company’s stock traded between $80.58 and $81.83 with the price of the stock fluctuating between $64.29 to $90.67 over the last 52 weeks. 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 for the same period. 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. Furthermore, our analysis shows the full-year EPS estimate to be $3.24, which would be a $0.35 improvement 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 $3.28 Billion. If realized, 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. When considering if perhaps the stock is under or overvalued, the average price target is $87.83, which is 8.50% above where the stock opened this morning. See more in (NASDAQ:ADP) Similar Articles: Company Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP Study Shows Employers Lack Understanding of New U.S. Tax Forms, the First Major Form Since W-2 and the Latest Requirement Associated With the Affordable Care Act Market Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP Small Business Report: Small Business Employment Increased by 95,000 Jobs in December Company Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP Small Business Report: Small Business Employment Increased by 85,000 Jobs in August
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