The Advisory Board Co. (ABCO) PT Set at $37.00 by Cantor Fitzgerald

The Advisory Board Co. (ABCO) PT Set at $37.00 by Cantor Fitzgerald

The Advisory Board Co. (NASDAQ:ABCO) received a $37.00 price objective from analysts at Cantor Fitzgerald in a report issued on Wednesday. The firm presently has a “hold” rating on the stock. Cantor Fitzgerald’s price objective would indicate a potential downside of 0.54% from the stock’s previous close.

ABCO has been the topic of several other research reports. Barclays PLC raised their price target on shares of The Advisory Board from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, July 28th. Zacks Investment Research lowered shares of The Advisory Board from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. JPMorgan Chase & Co. assumed coverage on shares of The Advisory Board in a research report on Friday, October 28th. They set a “buy” rating and a $45.00 price target on the stock. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $45.00 price target (up previously from $40.00) on shares of The Advisory Board in a research report on Friday, July 15th. Finally, FBR & Co raised their price target on shares of The Advisory Board from $35.00 to $37.00 and gave the company a “mkt perform” rating in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The Advisory Board has an average rating of “Buy” and a consensus price target of $43.25.

Shares of The Advisory Board (NASDAQ:ABCO) traded up 0.13% during mid-day trading on Wednesday, reaching $37.20. 73,548 shares of the company’s stock traded hands. The company’s market cap is $1.49 billion. The company’s 50 day moving average is $38.88 and its 200 day moving average is $38.64. The Advisory Board has a 12-month low of $18.87 and a 12-month high of $54.83.

The Advisory Board (NASDAQ:ABCO) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.12. The business earned $200.50 million during the quarter, compared to analyst estimates of $203.35 million. The Advisory Board had a positive return on equity of 11.28% and a negative net margin of 5.77%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 EPS. On average, analysts predict that The Advisory Board will post $1.83 EPS for the current fiscal year.

In other The Advisory Board news, CEO Robert W. Musslewhite sold 5,500 shares of The Advisory Board stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $43.89, for a total transaction of $241,395.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Hoose Mary Van sold 2,000 shares of The Advisory Board stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $34.26, for a total transaction of $68,520.00. Following the transaction, the insider now directly owns 37,386 shares in the company, valued at $1,280,844.36. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of The Advisory Board during the third quarter worth approximately $110,000. BlackRock Japan Co. Ltd increased its position in shares of The Advisory Board by 102.7% in the third quarter. BlackRock Japan Co. Ltd now owns 2,820 shares of the company’s stock worth $126,000 after buying an additional 1,429 shares during the period. BlackRock Inc. increased its position in shares of The Advisory Board by 16.2% in the second quarter. BlackRock Inc. now owns 3,263 shares of the company’s stock worth $116,000 after buying an additional 455 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of The Advisory Board by 111.7% in the third quarter. BNP Paribas Arbitrage SA now owns 3,428 shares of the company’s stock worth $153,000 after buying an additional 1,809 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of The Advisory Board during the third quarter worth $182,000.

The Advisory Board Company Profile

Related posts

Leave a Comment