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Shares of The Advisory Board Company (NASDAQ:ABCO) have earned an average rating of “Buy” from the ten ratings firms that are presently covering the stock, American Banking News.com reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $67.14.

In other The Advisory Board Company news, President David L. Felsenthal unloaded 4,272 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $49.86, for a total value of $213,001.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of research firms have recently commented on ABCO. Analysts at FBR Capital Markets initiated coverage on shares of The Advisory Board Company in a research note on Thursday, August 14th. They set a “market perform” rating and a $50.00 price target on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of The Advisory Board Company in a research note on Friday, August 1st. They now have a $55.00 price target on the stock, down previously from $57.00.

Shares of The Advisory Board Company (NASDAQ:ABCO) opened at 49.89 on Wednesday. The Advisory Board Company has a 1-year low of $46.37 and a 1-year high of $70.55. The stock has a 50-day moving average of $50.23 and a 200-day moving average of $55.93. The company has a market cap of $1.811 billion and a P/E ratio of 104.08.

The Advisory Board Company (NASDAQ:ABCO) last announced its earnings results on Thursday, July 31st. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.01. The company had revenue of $141.82 million for the quarter, compared to the consensus estimate of $141.95 million. During the same quarter last year, the company posted $0.31 earnings per share. The Advisory Board Company’s revenue was up 15.1% compared to the same quarter last year. On average, analysts predict that The Advisory Board Company will post $1.24 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.

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