Shares of The Advisory Board Company (NASDAQ:ABCO) have earned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $51.44.
A number of equities research analysts have issued reports on ABCO shares. Zacks Investment Research downgraded shares of The Advisory Board from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. William Blair lowered shares of The Advisory Board from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 29th. Robert W. Baird lowered shares of The Advisory Board from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $63.00 to $54.00 in a research note on Tuesday, August 29th. Canaccord Genuity lowered shares of The Advisory Board from a “buy” rating to a “hold” rating and dropped their price target for the stock from $56.00 to $54.29 in a research note on Tuesday, August 29th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $54.00 price target (up previously from $45.00) on shares of The Advisory Board in a research note on Tuesday, August 29th.
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The Advisory Board (ABCO) traded up $0.20 during mid-day trading on Thursday, reaching $53.75. 1,435,300 shares of the company’s stock were exchanged, compared to its average volume of 788,611. The Advisory Board has a 12 month low of $30.40 and a 12 month high of $59.50. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. The stock has a market cap of $2,182.64, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 2.39 and a beta of 1.34.
A number of institutional investors have recently modified their holdings of ABCO. Rockefeller Financial Services Inc. bought a new stake in The Advisory Board in the 2nd quarter valued at $137,000. Victory Capital Management Inc. lifted its holdings in shares of The Advisory Board by 17.5% during the 2nd quarter. Victory Capital Management Inc. now owns 2,749 shares of the business services provider’s stock worth $142,000 after acquiring an additional 410 shares during the period. Eqis Capital Management Inc. bought a new position in shares of The Advisory Board during the 2nd quarter worth about $204,000. First Capital Advisors Group LLC. bought a new position in shares of The Advisory Board during the 2nd quarter worth about $221,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of The Advisory Board during the 2nd quarter worth about $221,000. 96.41% of the stock is owned by hedge funds and other institutional investors.
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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