Advisory Board Coverage Initiated at KeyCorp (ABCO)
Investment analysts at KeyCorp began coverage on shares of Advisory Board (NASDAQ:ABCO) in a note issued to investors on Monday, Analyst Ratings Network.com reports. The firm set a “buy” rating on the stock.
In other Advisory Board news, EVP Cormac Miller sold 1,600 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $59.54, for a total value of $95,264.00. Following the completion of the sale, the executive vice president now directly owns 1,207 shares in the company, valued at approximately $71,865. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Advisory Board (NASDAQ:ABCO) traded up 0.90% during mid-day trading on Monday, hitting $59.48. 94,566 shares of the company’s stock traded hands. Advisory Board has a 52-week low of $42.72 and a 52-week high of $60.43. The stock’s 50-day moving average is $57.85 and its 200-day moving average is $53.74. The company has a market cap of $2.132 billion and a P/E ratio of 98.41.
Advisory Board (NASDAQ:ABCO) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts predict that Advisory Board will post $1.25 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Merrill Lynch initiated coverage on shares of Advisory Board (NASDAQ:ABCO) in a research note to investors on Friday, September 13th. They set a “buy” rating on the stock. Separately, analysts at Bank of America Corp. initiated coverage on shares of Advisory Board (NASDAQ:ABCO) in a research note to investors on Friday, September 13th. They set a “buy” rating and a $67.00 price target on the stock. Finally, 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $62.40.
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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