Absolute Software Given Average Recommendation of “Buy” by Brokerages (TSE:ABT)
Absolute Software (TSE:ABT) has been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the company, American Banking News reports. Seven research analysts have rated the stock with a buy recommendation, The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$9.04.
Shares of Absolute Software (TSE:ABT) opened at 7.10 on Wednesday. Absolute Software has a one year low of $5.85 and a one year high of $8.10. The stock’s 50-day moving average is $6.85 and its 200-day moving average is $6.83. The company has a market cap of $311.6 million and a price-to-earnings ratio of 101.43.
Absolute Software (TSE:ABT) last announced its 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 $0.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 28th. Stockholders 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 3.38%. The ex-dividend date is Tuesday, August 5th.
A number of analysts have recently weighed in on ABT shares. 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, August 19th. 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, August 19th. 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.
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