Absolute Software Receives Average Rating of “Buy” from Brokerages (TSE:ABT)
Shares of Absolute Software (TSE:ABT) have received a consensus recommendation of “Buy” from the seven analysts that are currently covering the company, Analyst Ratings Network.com reports. Seven equities research analysts have rated the stock with a buy recommendation, The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$9.04.
Absolute Software (TSE:ABT) traded up 1.69% on Wednesday, hitting $7.20. The stock had a trading volume of 108,659 shares. Absolute Software has a 1-year low of $5.85 and a 1-year high of $8.10. The stock’s 50-day moving average is $6.84 and its 200-day moving average is $6.83. The company has a market cap of $314.3 million and a P/E ratio of 101.14.
Absolute Software (TSE:ABT) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.02. Analysts expect that Absolute Software will post $0.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 28th. Shareholders of record on Thursday, August 7th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Tuesday, August 5th.
Several analysts have recently commented on the stock. Analysts at Imperial Capital cut their price target on shares of Absolute Software from C$8.25 to C$8.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Pi Financial raised their price target on shares of Absolute Software from C$8.60 to C$9.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank reiterated an “outperform” rating on shares of Absolute Software in a research note on Friday, July 25th. They now have a C$7.75 price target on the stock.
Absolute Software Corporation (TSE:ABT) is engaged in providing software solutions for the security and management of computers and mobile computing devices.
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.