Shares of The Advisory Board Company (NASDAQ:ABCO) have been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $49.64.

ABCO has been the topic of a number of recent research reports. Zacks Investment Research raised The Advisory Board from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Tuesday, July 4th. Credit Suisse Group boosted their price objective on The Advisory Board from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Stifel Nicolaus reissued a “hold” rating and set a $53.00 price objective (up previously from $48.00) on shares of The Advisory Board in a research note on Thursday, July 6th. TheStreet lowered The Advisory Board from a “b-” rating to a “c” rating in a research note on Friday, May 5th. Finally, BidaskClub lowered The Advisory Board from a “hold” rating to a “sell” rating in a research note on Saturday.

The Advisory Board (NASDAQ ABCO) traded down 1.31% during mid-day trading on Tuesday, reaching $52.70. The company’s stock had a trading volume of 45,383 shares. The Advisory Board has a 12-month low of $24.85 and a 12-month high of $59.50. The firm’s 50 day moving average price is $54.17 and its 200 day moving average price is $49.23. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 21.35 and a beta of 1.33.

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Several institutional investors have recently made changes to their positions in the stock. Howard Hughes Medical Institute acquired a new position in shares of The Advisory Board during the first quarter valued at approximately $158,000. Goldman Sachs Group Inc. raised its position in shares of The Advisory Board by 343.5% in the first quarter. Goldman Sachs Group Inc. now owns 442,409 shares of the business services provider’s stock valued at $20,705,000 after buying an additional 342,650 shares during the period. American International Group Inc. raised its position in shares of The Advisory Board by 5.4% in the first quarter. American International Group Inc. now owns 24,841 shares of the business services provider’s stock valued at $1,163,000 after buying an additional 1,281 shares during the period. Rockefeller Financial Services Inc. acquired a new position in shares of The Advisory Board during the second quarter valued at approximately $137,000. Finally, Victory Capital Management Inc. acquired a new position in shares of The Advisory Board during the first quarter valued at approximately $109,000.

About The Advisory Board

The Advisory Board Company is a provider of software and solutions to the healthcare and higher education industries. The Company offers subscription-based membership programs, software and data-enabled services. All of its programs are rooted in best practices and extends across four areas, including Best practices research, Technology, Data-enabled services and Consulting services.

Analyst Recommendations for The Advisory Board (NASDAQ:ABCO)

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