Trade Report: Today: CEB Inc. (CEB) Rating Decreased to Sector Perform at Royal Bank Of Canada

Today: CEB Inc. (CEB) Rating Decreased to Sector Perform at Royal Bank Of Canada

CEB Inc. (NYSE:CEB) was downgraded by research analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Monday. They currently have a $60.00 price target on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 1.87% from the stock’s current price.

Several other brokerages have also recently weighed in on CEB. RBC Capital Markets set a $68.00 price objective on CEB and gave the stock a “buy” rating in a report on Tuesday, October 25th. Zacks Investment Research upgraded CEB from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th. Finally, Cantor Fitzgerald set a $57.00 target price on CEB and gave the stock a “buy” rating in a research report on Saturday, November 19th. One 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.48.

CEB (NYSE:CEB) opened at 58.90 on Monday. The company has a market cap of $1.90 billion, a price-to-earnings 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. The company’s 50-day moving average is $52.47 and its 200 day moving average is $58.36.

CEB (NYSE:CEB) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.03. The firm earned $229.84 million during the quarter, compared to analysts’ expectations of $232.63 million. CEB had a negative return on equity of 334.08% and a net margin of 4.05%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 EPS. Equities analysts forecast that CEB will post $3.77 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be given a $0.4125 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $1.65 annualized dividend and a dividend yield of 2.80%. CEB’s dividend payout ratio is presently 142.24%.

Several institutional investors have recently modified their holdings of the stock. BOKF NA boosted its stake in CEB by 0.6% in the second quarter. BOKF NA now owns 6,806 shares of the company’s stock valued at $420,000 after buying an additional 38 shares during the last quarter. Legal & General Group Plc boosted its stake in CEB by 0.9% in the second quarter. Legal & General Group Plc now owns 8,392 shares of the company’s stock valued at $510,000 after buying an additional 78 shares during the last quarter. Suntrust Banks Inc. boosted its stake in CEB by 2.3% in the third quarter. Suntrust Banks Inc. now owns 4,063 shares of the company’s stock valued at $219,000 after buying an additional 92 shares during the last quarter. State Treasurer State of Michigan boosted its stake in CEB by 0.8% in the third quarter. State Treasurer State of Michigan now owns 13,000 shares of the company’s stock valued at $708,000 after buying an additional 100 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake in CEB by 5.6% in the third quarter. LS Investment Advisors LLC now owns 2,088 shares of the company’s stock valued at $114,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 98.56% of the company’s stock.

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