Advisory Board Coverage Initiated by Analysts at Merrill Lynch (ABCO)
Merrill Lynch initiated coverage on shares of Advisory Board (NASDAQ:ABCO) in a research note issued on Friday, Analyst Ratings Network.com reports. The firm set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. initiated coverage on shares of Advisory Board (NASDAQ:ABCO) in a research note to investors on Friday. They set a “buy” rating and a $67.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Advisory Board (NASDAQ:ABCO) from $55.00 to $66.00 in a research note to investors on Wednesday, August 7th. Finally, analysts at Deutsche Bank raised their price target on shares of Advisory Board (NASDAQ:ABCO) from $48.00 to $55.00 in a research note to investors on Friday, August 2nd. They now have a “hold” rating on the stock.
One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $62.40.
Advisory Board (NASDAQ:ABCO) traded up 1.63% on Friday, hitting $59.10. The stock had a trading volume of 150,682 shares. Advisory Board has a 1-year low of $42.72 and a 1-year high of $60.43. The stock has a 50-day moving average of $57.6 and a 200-day moving average of $53.15. The company has a market cap of $2.118 billion and a price-to-earnings ratio of 97.08.
Advisory Board (NASDAQ:ABCO) last released its earnings data on Wednesday, July 31st. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.03. The company had revenue of $123.21 million for the quarter, compared to the consensus estimate of $121.88 million. During the same quarter last year, the company posted $0.31 earnings per share. Advisory Board’s revenue was up 18.3% compared to the same quarter last year. On average, analysts predict that Advisory Board will post $1.26 earnings per share for the current fiscal year.
In other Advisory Board news, President David L. Felsenthal sold 6,437 shares of Advisory Board stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $58.02, for a total transaction of $373,474.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The Advisory Board Company provides best practices research and analysis, software tools, and management and advisory services to the health care and education industries.
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