Shares of The Advisory Board Company (NASDAQ:ABCO) have earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $51.21.
Several equities research analysts recently weighed in on ABCO shares. Zacks Investment Research cut shares of The Advisory Board from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $53.00 price objective (up previously from $48.00) on shares of The Advisory Board in a research report on Thursday, July 6th. TheStreet cut shares of The Advisory Board from a “b-” rating to a “c” rating in a report on Friday, May 5th. Cantor Fitzgerald reissued a “hold” rating and issued a $54.00 target price (up previously from $45.00) on shares of The Advisory Board in a report on Tuesday. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $56.00 target price (up previously from $53.00) on shares of The Advisory Board in a report on Thursday, August 10th.
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Shares of The Advisory Board (ABCO) traded up 0.09% during trading on Friday, reaching $53.30. 2,335,446 shares of the company traded hands. The company has a 50-day moving average of $53.81 and a 200-day moving average of $50.33. The Advisory Board has a 12 month low of $24.85 and a 12 month high of $59.50. The stock has a market capitalization of $2.17 billion, a PE ratio of 20.24 and a beta of 1.35.
The Advisory Board (NASDAQ:ABCO) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.08. The Advisory Board had a return on equity of 12.69% and a net margin of 13.65%. The firm had revenue of $200.30 million for the quarter, compared to the consensus estimate of $196.16 million. During the same period in the prior year, the company earned $0.46 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts forecast that The Advisory Board will post $1.90 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of ABCO. Victory Capital Management Inc. acquired a new position in shares of The Advisory Board during the first quarter worth about $109,000. Rockefeller Financial Services Inc. acquired a new position in shares of The Advisory Board during the second quarter worth about $137,000. Asset Management One Co. Ltd. acquired a new position in shares of The Advisory Board during the first quarter worth about $159,000. Ameritas Investment Partners Inc. acquired a new position in shares of The Advisory Board during the first quarter worth about $166,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of The Advisory Board during the second quarter worth about $204,000.
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.
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