CEB Inc. (CEB) Shares Gap Up to $60.39
CEB Inc. (NYSE:CEB)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $60.08, but opened at $60.39. CEB shares last traded at $60.75, with a volume of 31,428 shares.
A number of brokerages have recently commented on CEB. TheStreet lowered shares of CEB from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Zacks Investment Research cut shares of CEB from a “hold” rating to a “strong sell” rating in a research note on Monday, August 1st. Cantor Fitzgerald set a $70.00 price objective on shares of CEB and gave the company a “buy” rating in a research note on Wednesday, July 27th. Finally, Mackie cut their price objective on shares of CEB from C$0.30 to C$0.25 in a research note on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $46.98.
The stock has a market capitalization of $1.97 billion and a price-to-earnings ratio of 32.19. The firm’s 50 day moving average is $62.39 and its 200 day moving average is $61.14.
CEB (NYSE:CEB) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. The company had revenue of $251.10 million for the quarter, compared to the consensus estimate of $244.57 million. During the same quarter in the previous year, the business earned $1.19 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts expect that CEB Inc. will post $4.02 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, September 13th.
An institutional investor recently raised its position in CEB stock. New York State Common Retirement Fund increased its stake in shares of CEB Inc. (NYSE:CEB) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 44,596 shares of the company’s stock after buying an additional 600 shares during the period. New York State Common Retirement Fund owned 0.13% of CEB worth $2,738,000 at the end of the most recent reporting period.
CEB Inc, formerly The Corporate Executive Board Company, is a member-based advisory company. The Company operates through two segments: SHL Talent Measurement and CEB. Its SHL Talent Measurement provides cloud-based solutions for talent assessment and talent mobility, and decision support, as well as professional services to support those solutions.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.