Advisory Board Co. Hits New 52-Week High at $60.98 (ABCO)
Shares of Advisory Board (NASDAQ:ABCO) hit a new 52-week high on Tuesday, Analyst Ratings Network reports. The company traded as high as $60.98 and last traded at $59.42, with a volume of 95,199 shares trading hands. The stock had previously closed at $59.48.
A number of analysts have recently weighed in on ABCO shares. Analysts at KeyCorp initiated coverage on shares of Advisory Board (NASDAQ:ABCO) in a research note to investors on Monday. They set a “buy” rating and a $72.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $64.00.
In other Advisory Board news, EVP Cormac Miller sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $59.54, for a total transaction of $95,264.00. Following the transaction, the executive vice president now directly owns 1,207 shares in the company, valued at approximately $71,865. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Advisory Board has a 1-year low of $42.72 and a 1-year high of $60.98. The stock has a 50-day moving average of $57.94 and a 200-day moving average of $53.94. The company has a market cap of $2.159 billion and a P/E ratio of 99.30.
Advisory Board (NASDAQ:ABCO) last issued its quarterly earnings data 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.
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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