CEB Inc. (NYSE:CEB) was downgraded by investment analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report released on Monday. They currently have a $60.00 price objective on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 1.87% from the stock’s previous close.
CEB has been the subject of a number of other research reports. Zacks Investment Research cut CEB from a “hold” rating to a “sell” rating in a research report on Friday, October 28th. Cantor Fitzgerald reiterated a “buy” rating on shares of CEB in a research report on Friday, August 19th. Finally, RBC Capital Markets set a $68.00 price objective on CEB and gave the stock a “buy” rating in a research report on Tuesday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.48.
Shares of CEB (NYSE:CEB) opened at 58.90 on Monday. The stock’s 50 day moving average is $52.47 and its 200 day moving average is $58.36. The firm has a market cap of $1.90 billion, a PE ratio of 50.60 and a beta of 1.75. CEB has a 12 month low of $47.33 and a 12 month high of $77.86.
CEB (NYSE:CEB) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. The business earned $229.84 million during the quarter, compared to the consensus estimate of $232.63 million. CEB had a negative return on equity of 334.08% and a net margin of 4.05%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 EPS. On average, analysts anticipate that CEB will post $3.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Tuesday, December 13th. CEB’s payout ratio is currently 142.24%.
Several hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors LLC bought a new position in CEB during the third quarter valued at approximately $137,000. Ameritas Investment Partners Inc. raised its position in CEB by 66.4% in the third quarter. Ameritas Investment Partners Inc. now owns 12,603 shares of the company’s stock valued at $686,000 after buying an additional 5,029 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in CEB by 162.2% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 902,009 shares of the company’s stock valued at $49,132,000 after buying an additional 558,037 shares during the period. Highbridge Capital Management LLC raised its position in CEB by 1.7% in the third quarter. Highbridge Capital Management LLC now owns 39,261 shares of the company’s stock valued at $2,139,000 after buying an additional 665 shares during the period. Finally, D. E. Shaw & Co. Inc. bought a new position in CEB during the third quarter valued at approximately $2,361,000. Institutional investors and hedge funds own 98.56% of the company’s stock.
CEB Company Profile