The Advisory Board’s (ABCO) Hold Rating Reaffirmed at Cantor Fitzgerald
Other research analysts have also issued research reports about the stock. Credit Suisse Group boosted their target price on shares of The Advisory Board from $54.00 to $55.00 and gave the stock an outperform rating in a research report on Friday, May 5th. Robert W. Baird reissued an outperform rating and set a $65.00 target price (up previously from $57.00) on shares of The Advisory Board in a research report on Sunday, July 9th. William Blair lowered shares of The Advisory Board from an outperform rating to a market perform rating in a research report on Tuesday. Piper Jaffray Companies set a $51.00 price objective on shares of The Advisory Board and gave the company a hold rating in a research report on Thursday, August 10th. Finally, Canaccord Genuity lowered shares of The Advisory Board from a buy rating to a hold rating and cut their price objective for the company from $56.00 to $54.29 in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The Advisory Board has an average rating of Hold and a consensus price target of $50.36.
The Advisory Board (ABCO) traded up 0.141% on Tuesday, reaching $53.125. The company had a trading volume of 2,624,223 shares. The stock has a market capitalization of $2.16 billion, a P/E ratio of 20.177 and a beta of 1.33. The firm has a 50-day moving average of $54.38 and a 200-day moving average of $50.13. The Advisory Board has a 12 month low of $24.85 and a 12 month high of $59.50.
The Advisory Board (NASDAQ:ABCO) last released its earnings results on Tuesday, August 8th. The business services provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.08. The firm had revenue of $200.30 million for the quarter, compared to analyst estimates of $196.16 million. The Advisory Board had a return on equity of 12.69% and a net margin of 13.65%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. On average, equities research analysts expect that The Advisory Board will post $1.90 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of ABCO. Oxford Asset Management acquired a new position in The Advisory Board during the first quarter valued at about $2,565,000. Airain ltd acquired a new position in The Advisory Board during the first quarter valued at about $1,714,000. Trexquant Investment LP acquired a new position in The Advisory Board during the first quarter valued at about $412,000. Parametric Portfolio Associates LLC raised its position in The Advisory Board by 83.8% in the first quarter. Parametric Portfolio Associates LLC now owns 140,822 shares of the business services provider’s stock valued at $6,590,000 after buying an additional 64,207 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in The Advisory Board during the first quarter valued at about $4,212,000.
The Advisory Board Company Profile
The Advisory Board Company is a provider of software and solutions to the healthcare and higher education industries. The Company offers subscription-based membership programs, software and data-enabled services. All of its programs are rooted in best practices and extends across four areas, including Best practices research, Technology, Data-enabled services and Consulting services.
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