The Advisory Board Company (ABCO) Receives Consensus Recommendation of “Hold” from Analysts

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.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://ledgergazette.com/2017/11/16/the-advisory-board-company-abco-receives-consensus-recommendation-of-hold-from-analysts.html.

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.

Analyst Recommendations for The Advisory Board (NASDAQ:ABCO)

Receive News & Ratings for The Advisory Board Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Advisory Board Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply