Todays Report: Today: RBC Capital Markets Downgraded CEB Inc. (CEB) to Sector Perform

Today: RBC Capital Markets Downgraded CEB Inc. (CEB) to Sector Perform

CEB Inc. (NYSE:CEB) was downgraded by equities research analysts at RBC Capital Markets from an “outperform” rating to a “sector perform” rating in a research report issued on Monday. They presently have a $60.00 price target on the stock. RBC Capital Markets’ price objective suggests a potential upside of 2.83% from the stock’s current price. The analysts noted that the move was a valuation call.

Other equities analysts have also recently issued research reports about the company. Cantor Fitzgerald set a $57.00 price objective on CEB and gave the company a “buy” rating in a report on Saturday, November 19th. Zacks Investment Research raised CEB from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Finally, Royal Bank Of Canada reduced their price target on CEB from $71.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, October 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.68.

CEB (NYSE:CEB) traded down 0.93% during trading on Monday, reaching $58.35. The company’s stock had a trading volume of 350,075 shares. CEB has a one year low of $47.33 and a one year high of $77.86. The stock has a 50-day moving average of $52.47 and a 200 day moving average of $58.36. The firm has a market capitalization of $1.88 billion, a P/E ratio of 50.13 and a beta of 1.75.

CEB (NYSE:CEB) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.03. The business had revenue of $229.84 million for 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 company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 EPS. On average, equities research analysts predict that CEB will post $3.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.4125 per share. The ex-dividend date is Tuesday, December 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 2.83%. CEB’s payout ratio is currently 142.24%.

Several institutional investors have recently made changes to their positions in CEB. Rice Hall James & Associates LLC boosted its position in shares of CEB by 1.4% in the second quarter. Rice Hall James & Associates LLC now owns 259,186 shares of the company’s stock worth $15,987,000 after buying an additional 3,598 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in CEB by 18.7% in the first quarter. Envestnet Asset Management Inc. now owns 19,830 shares of the company’s stock worth $1,284,000 after buying an additional 3,125 shares during the period. Parametrica Management Ltd bought a new stake in CEB during the second quarter worth about $324,000. Smith Asset Management Group LP bought a new stake in CEB during the second quarter worth about $1,012,000. Finally, Chicago Equity Partners LLC bought a new stake in CEB during the second quarter worth about $1,747,000. 98.56% of the stock is owned by institutional investors and hedge funds.

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