Analysts Offer Predictions for Absolute Software’s Q1 2017 Earnings (ABT)
Absolute Software (TSE:ABT) – Research analysts at National Bank Financial issued their Q1 2017 EPS estimates for Absolute Software in a research report issued on Monday. National Bank Financial analyst R. Tse expects that the firm will earn $0.00 per share for the quarter. National Bank Financial has a “Underperform Overweight” rating on the stock. National Bank Financial also issued estimates for Absolute Software’s Q2 2017 earnings at $0.00 EPS, Q3 2017 earnings at ($0.01) EPS, Q4 2017 earnings at ($0.01) EPS and FY2017 earnings at ($0.04) EPS.
Several other research firms have also recently issued reports on ABT. BMO Capital Markets dropped their price target on Absolute Software from C$9.00 to C$8.50 and set a “market perform” rating on the stock in a report on Monday, August 22nd. Scotiabank cut shares of Absolute Software from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$8.50 to C$8.00 in a research report on Monday, August 22nd. Finally, Imperial Capital lifted their price objective on shares of Absolute Software from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 23rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Absolute Software has a consensus rating of “Buy” and an average price target of C$9.00.
Shares of Absolute Software (TSE:ABT) opened at 7.19 on Thursday. The company has a 50 day moving average price of $7.39 and a 200-day moving average price of $7.03. Absolute Software has a 12 month low of $5.75 and a 12 month high of $8.86. The firm has a market capitalization of $280.17 million and a PE ratio of 31.26.
About Absolute Software
Absolute Software Corporation is engaged in the development, marketing and support of endpoint security and data risk management solutions to commercial, healthcare, education and government customers. The Company operates through Data and Device Security segment. The Company offers solutions for devices, such as computers, laptops, tablets and smartphones.
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