The Advisory Board Company (ABCO) Given “Hold” Rating at Robert W. Baird
The Advisory Board Company (NASDAQ:ABCO)‘s stock had its “hold” rating reissued by Robert W. Baird in a report released on Wednesday. They presently have a $54.00 target price on the business services provider’s stock. Robert W. Baird’s price target suggests a potential upside of 0.19% from the company’s previous close.
A number of other brokerages have also issued reports on ABCO. Zacks Investment Research lowered shares of The Advisory Board from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub lowered shares of The Advisory Board from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Stifel Nicolaus reissued a “hold” rating and issued a $53.00 price target (up previously from $48.00) on shares of The Advisory Board in a report on Thursday, July 6th. Wells Fargo & Company lowered shares of The Advisory Board from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $57.00 to $54.00 in a report on Monday, October 2nd. Finally, KeyCorp reissued a “hold” rating on shares of The Advisory Board in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The Advisory Board currently has a consensus rating of “Hold” and a consensus price target of $51.95.
Shares of The Advisory Board (ABCO) traded down 0.09% during trading on Wednesday, hitting $53.90. 813,071 shares of the stock were exchanged. The stock’s 50 day moving average price is $53.02 and its 200 day moving average price is $51.68. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 20.47 and a beta of 1.33. The Advisory Board has a 52 week low of $24.85 and a 52 week high of $59.50.
The Advisory Board (NASDAQ:ABCO) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.08). The firm had revenue of $200.30 million during the quarter, compared to the consensus estimate of $196.16 million. The Advisory Board had a return on equity of 12.69% and a net margin of 13.65%. The Advisory Board’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. On average, equities analysts predict that The Advisory Board will post $1.90 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new position in The Advisory Board during the 1st quarter valued at about $109,000. Rockefeller Financial Services Inc. purchased a new position in The Advisory Board during the 2nd quarter valued at about $137,000. Asset Management One Co. Ltd. purchased a new position in The Advisory Board during the 1st quarter valued at about $159,000. Ameritas Investment Partners Inc. purchased a new position in The Advisory Board during the 1st quarter valued at about $166,000. Finally, Eqis Capital Management Inc. purchased a new position in The Advisory Board during the 2nd quarter valued at about $204,000.
The Advisory Board Company Profile
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.
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