KeyCorp reissued their hold rating on shares of The Advisory Board Company (NASDAQ:ABCO) in a report published on Friday morning.

A number of other analysts also recently commented on ABCO. Piper Jaffray Companies set a $51.00 price objective on The Advisory Board and gave the stock a hold rating in a research note on Thursday, August 10th. Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $56.00 price objective (up previously from $53.00) on shares of The Advisory Board in a research note on Thursday, August 10th. Cantor Fitzgerald reissued a hold rating and issued a $54.00 price objective (up previously from $45.00) on shares of The Advisory Board in a research note on Tuesday, August 29th. Canaccord Genuity downgraded The Advisory Board from a buy rating to a hold rating and dropped their price objective for the stock from $56.00 to $54.29 in a research note on Tuesday, August 29th. Finally, Robert W. Baird downgraded The Advisory Board from an outperform rating to a neutral rating and dropped their price objective for the stock from $63.00 to $54.00 in a research note on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $51.77.

The Advisory Board (NASDAQ:ABCO) opened at 53.30 on Friday. The stock has a market cap of $2.17 billion, a PE ratio of 20.24 and a beta of 1.35. The stock has a 50 day moving average price of $53.81 and a 200-day moving average price of $50.33. 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 posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.08. The Advisory Board had a return on equity of 12.69% and a net margin of 13.65%. The firm had revenue of $200.30 million during the quarter, compared to the consensus estimate of $196.16 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts expect that The Advisory Board will post $1.90 EPS for the current year.

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Several institutional investors have recently made changes to their positions in ABCO. Janus Henderson Group PLC acquired a new stake in shares of The Advisory Board during the second quarter worth $139,617,000. BlackRock Inc. raised its position in shares of The Advisory Board by 72,455.6% during the first quarter. BlackRock Inc. now owns 2,545,252 shares of the business services provider’s stock worth $119,119,000 after purchasing an additional 2,541,744 shares during the period. Elliott Management Corp acquired a new stake in shares of The Advisory Board during the first quarter worth $95,047,000. Neuberger Berman Group LLC raised its position in shares of The Advisory Board by 20,493.1% during the first quarter. Neuberger Berman Group LLC now owns 1,306,425 shares of the business services provider’s stock worth $61,141,000 after purchasing an additional 1,300,081 shares during the period. Finally, Janus Capital Management LLC raised its position in shares of The Advisory Board by 35.4% during the first quarter. Janus Capital Management LLC now owns 3,346,695 shares of the business services provider’s stock worth $156,622,000 after purchasing an additional 874,688 shares during the period.

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.

Analyst Recommendations for The Advisory Board (NASDAQ:ABCO)

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