RBC Capital Markets Downgrades CEB Inc. (CEB) to Sector Perform
CEB Inc. (NYSE:CEB) was downgraded by stock analysts at RBC Capital Markets from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday. They currently have a $60.00 target price on the stock. RBC Capital Markets’ target price would suggest a potential upside of 1.87% from the company’s previous close. The analysts noted that the move was a valuation call.
Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada lowered shares of CEB from an “outperform” rating to a “sector perform” rating and set a $60.00 target price on the stock. in a research report on Monday. Cantor Fitzgerald set a $57.00 target price on shares of CEB and gave the stock a “buy” rating in a research report on Saturday, November 19th. Finally, Zacks Investment Research lowered shares of CEB from a “hold” rating to a “strong sell” rating in a research report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $45.68.
Shares of CEB (NYSE:CEB) opened at 58.90 on Monday. The company has a 50 day moving average of $52.47 and a 200-day moving average of $58.36. The firm has a market cap of $1.90 billion, a PE ratio of 50.60 and a beta of 1.75. CEB has a 12-month low of $47.33 and a 12-month high of $77.86.
CEB (NYSE:CEB) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.03. CEB had a net margin of 4.05% and a negative return on equity of 334.08%. The company had revenue of $229.84 million for the quarter, compared to analyst estimates of $232.63 million. During the same quarter last year, the firm posted $1.00 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. Equities research analysts forecast that CEB will post $3.77 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.4125 per share. The ex-dividend date is Tuesday, December 13th. This represents a $1.65 dividend on an annualized basis and a yield of 2.80%. CEB’s dividend payout ratio is currently 142.24%.
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Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of CEB by 1.5% in the first quarter. Geode Capital Management LLC now owns 213,099 shares of the company’s stock valued at $13,793,000 after buying an additional 3,060 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of CEB by 18.7% in the first quarter. Envestnet Asset Management Inc. now owns 19,830 shares of the company’s stock valued at $1,284,000 after buying an additional 3,125 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of CEB by 3.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 53,475 shares of the company’s stock valued at $3,461,000 after buying an additional 1,931 shares in the last quarter. Royal Bank of Canada increased its stake in shares of CEB by 2.9% in the first quarter. Royal Bank of Canada now owns 239,988 shares of the company’s stock valued at $15,535,000 after buying an additional 6,803 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of CEB by 57,968.0% in the second quarter. BNP Paribas Arbitrage SA now owns 14,517 shares of the company’s stock valued at $895,000 after buying an additional 14,492 shares in the last quarter. Institutional investors own 98.56% of the company’s stock.
CEB Inc, formerly The Corporate Executive Board Company, is a member-based advisory company. The Company operates through two segments: SHL Talent Measurement and CEB. Its SHL Talent Measurement provides cloud-based solutions for talent assessment and talent mobility, and decision support, as well as professional services to support those solutions.
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