[Marketwired] – The State of California added 21,200 private sector jobs during the month of May, according to the ADP Regional Employment Report which is produced by ADP®, a leading global provider of Human Capital Management … Read more on this. Automatic Data Processing, Inc. (ADP) , valued at $39.63B, opened at $86.60. Shares have traded today between $86.31 and $87.15 per share with a trailing 52-week range being $64.29 to $91.00. ADP shares are currently priced at 26.95x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 22.95x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.12 per share annually in dividends, yielding 2.42%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $0.67 per share, which would be $0.12 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $3.24 which would be a $0.35 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.93 Billion. If reported, that would be a 8.92% increase over the year-ago quarter. More recently, Compass Point Initiated ADP at Sell (Apr 15, 2016). Previously, Stifel downgraded ADP from Buy to Hold. When considering if the stock is under or overvalued, the average price target is $89.79, which is 3.68% above where the stock opened this morning. See more in (NASDAQ:ADP) Similar Articles: Company Update (NASDAQ:ADP): Illinois Added 9,300 Private Sector Jobs in March, According to ADP Regional Employment Report(R) Stock Update (NASDAQ:ADP): California Added 29,200 Private Sector Jobs in February, According to ADP Regional Employment Report(R) Stock Update (NASDAQ:ADP): Illinois Added 5,900 Private Sector Jobs in December, According to ADP Regional Employment Report(R)