Share on StockTwits

Shares of The Advisory Board Company (NASDAQ:ABCO) have received a consensus rating of “Buy” from the eleven ratings firms that are presently covering the stock, Analyst Ratings.Net reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $66.07.

ABCO has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of The Advisory Board Company from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 9th. They now have a $52.50 price target on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of The Advisory Board Company in a research note on Friday, May 9th. They now have a $57.00 price target on the stock, down previously from $68.00.

In other The Advisory Board Company news, President David L. Felsenthal sold 4,272 shares of the company’s stock on the open market in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $52.14, for a total transaction of $222,742.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

The Advisory Board Company (NASDAQ:ABCO) opened at 50.66 on Thursday. The Advisory Board Company has a 52 week low of $46.58 and a 52 week high of $70.55. The stock’s 50-day moving average is $50.74 and its 200-day moving average is $58.45. The company has a market cap of $1.854 billion and a price-to-earnings ratio of 75.90.

The Advisory Board Company (NASDAQ:ABCO) last announced its earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.04. The company had revenue of $138.00 million for the quarter, compared to the consensus estimate of $137.01 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. On average, analysts predict that The Advisory Board Company will post $1.26 earnings per share for the current fiscal year.

The Advisory Board Companyprovides best practices research and analysis, software tools, and management and advisory services to the health care and education industries.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.