Piper Jaffray Companies Reiterates $51.00 Price Target for The Advisory Board Company (ABCO)
The Advisory Board Company (NASDAQ:ABCO) has been assigned a $51.00 price target by equities research analysts at Piper Jaffray Companies in a report issued on Thursday. The firm currently has a “hold” rating on the business services provider’s stock. Piper Jaffray Companies’ target price points to a potential upside of 0.20% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Credit Suisse Group lifted their price objective on The Advisory Board from $54.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Robert W. Baird reaffirmed an “outperform” rating and issued a $65.00 price objective (up from $57.00) on shares of The Advisory Board in a report on Sunday, July 9th. BidaskClub cut The Advisory Board from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research cut The Advisory Board from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $53.00 price objective (up from $48.00) on shares of The Advisory Board in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.08.
Shares of The Advisory Board (NASDAQ ABCO) traded down 1.08% during mid-day trading on Thursday, reaching $50.35. The company’s stock had a trading volume of 68,267 shares. The firm has a 50 day moving average price of $54.53 and a 200 day moving average price of $49.63. The Advisory Board has a 52-week low of $24.85 and a 52-week high of $59.50. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 19.12 and a beta of 1.33.
The Advisory Board (NASDAQ:ABCO) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.08. The company had revenue of $200.30 million during the quarter, compared to analyst estimates of $196.16 million. The Advisory Board had a net margin of 13.65% and a return on equity of 13.02%. The Advisory Board’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 earnings per share. On average, equities analysts predict that The Advisory Board will post $1.92 EPS for the current fiscal year.
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Several institutional investors have recently bought and sold shares of ABCO. Norges Bank acquired a new position in The Advisory Board during the fourth quarter worth approximately $12,464,000. Teachers Advisors LLC boosted its position in The Advisory Board by 4.7% in the fourth quarter. Teachers Advisors LLC now owns 72,192 shares of the business services provider’s stock worth $2,400,000 after buying an additional 3,219 shares during the period. Highbridge Capital Management LLC acquired a new position in The Advisory Board during the fourth quarter worth approximately $217,000. Nisa Investment Advisors LLC boosted its position in The Advisory Board by 218.3% in the first quarter. Nisa Investment Advisors LLC now owns 23,870 shares of the business services provider’s stock worth $1,117,000 after buying an additional 16,370 shares during the period. Finally, Rice Hall James & Associates LLC boosted its position in The Advisory Board by 3.5% in the first quarter. Rice Hall James & Associates LLC now owns 418,245 shares of the business services provider’s stock worth $19,574,000 after buying an additional 13,969 shares during the period.
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.
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