The Advisory Board Company (ABCO) Stock Rating Reaffirmed by Robert W. Baird

The Advisory Board Company (NASDAQ:ABCO)‘s stock had its “hold” rating reaffirmed by analysts at Robert W. Baird in a research note issued to investors on Friday. They presently have a $54.00 price target on the business services provider’s stock. Robert W. Baird’s target price suggests a potential upside of 1.12% from the stock’s current price.

Several other equities research analysts have also commented on ABCO. Piper Jaffray Companies set a $51.00 price objective on shares of The Advisory Board and gave the stock a “hold” rating in a research note on Thursday, August 10th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $56.00 target price (up previously from $53.00) on shares of The Advisory Board in a research note on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of The Advisory Board in a research note on Friday, September 1st. Wells Fargo & Company downgraded shares of The Advisory Board from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $57.00 to $54.00 in a research note on Monday, October 2nd. Finally, BidaskClub downgraded shares of The Advisory Board from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The Advisory Board currently has an average rating of “Hold” and a consensus target price of $51.95.

The Advisory Board (NASDAQ ABCO) traded up $0.55 during trading hours on Friday, reaching $53.40. 4,990,200 shares of the company traded hands, compared to its average volume of 770,628. The Advisory Board has a 1-year low of $30.40 and a 1-year high of $59.50. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.07 and a quick ratio of 1.06. The company has a market capitalization of $2,176.53, a price-to-earnings ratio of 31.98, a P/E/G ratio of 2.38 and a beta of 1.34.

TRADEMARK VIOLATION WARNING: This article was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.themarketsdaily.com/2017/11/12/the-advisory-board-company-abco-stock-rating-reaffirmed-by-robert-w-baird.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Financial Services Inc. purchased a new position in shares of The Advisory Board during the second quarter valued at approximately $137,000. Victory Capital Management Inc. raised its holdings in shares of The Advisory Board by 17.5% during the second quarter. Victory Capital Management Inc. now owns 2,749 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 410 shares during the last quarter. Eqis Capital Management Inc. purchased a new position in shares of The Advisory Board during the second quarter valued at approximately $204,000. First Capital Advisors Group LLC. purchased a new position in shares of The Advisory Board during the second quarter valued at approximately $221,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of The Advisory Board during the second quarter valued at approximately $221,000. 99.05% 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.

Latest News

Leave a Reply