The Advisory Board Company (ABCO) Receives $51.21 Consensus Target Price from Analysts
Shares of The Advisory Board Company (NASDAQ:ABCO) have been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $51.21.
Several analysts have issued reports on ABCO shares. Zacks Investment Research cut The Advisory Board from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. William Blair cut The Advisory Board from an “outperform” rating to a “hold” rating in a research report on Tuesday, August 29th. Robert W. Baird cut The Advisory Board from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $63.00 to $54.00 in a research report on Tuesday, August 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $53.00 target price (up previously from $48.00) on shares of The Advisory Board in a research report on Thursday, July 6th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $54.00 target price (up previously from $45.00) on shares of The Advisory Board in a research report on Tuesday, August 29th.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/the-advisory-board-company-abco-receives-51-21-consensus-target-price-from-analysts/1599549.html.
A number of hedge funds have recently modified their holdings of ABCO. Victory Capital Management Inc. purchased a new position in The Advisory Board in the 1st quarter worth $109,000. Rockefeller Financial Services Inc. purchased a new position in The Advisory Board in the 2nd quarter worth $137,000. Asset Management One Co. Ltd. purchased a new position in The Advisory Board in the 1st quarter worth $159,000. Ameritas Investment Partners Inc. purchased a new position in The Advisory Board in the 1st quarter worth $166,000. Finally, Eqis Capital Management Inc. purchased a new position in The Advisory Board in the 2nd quarter worth $204,000.
Shares of The Advisory Board (NASDAQ:ABCO) traded down 0.233% on Wednesday, reaching $53.625. The company’s stock had a trading volume of 886,840 shares. The firm has a market capitalization of $2.18 billion, a PE ratio of 20.367 and a beta of 1.35. The Advisory Board has a one year low of $24.85 and a one year high of $59.50. The firm has a 50-day moving average price of $52.67 and a 200 day moving average price of $50.96.
The Advisory Board (NASDAQ:ABCO) last announced its earnings results on Tuesday, August 8th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.08). The company had revenue of $200.30 million for the quarter, compared to the consensus estimate of $196.16 million. The Advisory Board had a net margin of 13.65% and a return on equity of 12.69%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. On average, analysts anticipate that The Advisory Board will post $1.90 earnings per share for the current fiscal year.
About The Advisory Board
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.
Receive News & Ratings for The Advisory Board Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Advisory Board Company and related companies with Analyst Ratings Network's FREE daily email newsletter.