CEB Inc. (CEB) Upgraded to “Equal Weight” by Barclays PLC
Barclays PLC upgraded shares of CEB Inc. (NYSE:CEB) from an underweight rating to an equal weight rating in a report issued on Monday morning. Barclays PLC currently has $75.00 price objective on the stock, up from their previous price objective of $50.00.
Several other brokerages have also issued reports on CEB. RBC Capital Markets reiterated a sector perform rating and set a $74.00 price target (up from $60.00) on shares of CEB in a report on Friday, January 6th. Royal Bank Of Canada lifted their price target on CEB from $60.00 to $74.00 and gave the company a sector perform rating in a report on Friday, January 6th. Stifel Nicolaus lowered CEB from a buy rating to a hold rating and set a $60.00 price target for the company. in a report on Thursday, December 8th. Cantor Fitzgerald set a $57.00 price target on CEB and gave the company a buy rating in a report on Saturday, November 19th. Finally, Zacks Investment Research upgraded CEB from a sell rating to a hold rating in a report on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. CEB currently has an average rating of Hold and an average price target of $50.58.
Shares of CEB (NYSE:CEB) opened at 76.65 on Monday. The stock’s 50 day moving average is $62.55 and its 200-day moving average is $58.43. CEB has a 52-week low of $47.33 and a 52-week high of $77.20. The firm has a market cap of $2.47 billion, a P/E ratio of 65.85 and a beta of 1.85.
CEB (NYSE:CEB) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.03. The business earned $229.84 million during the quarter, compared to analyst estimates of $232.63 million. CEB had a negative return on equity of 334.08% and a net margin of 4.05%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 EPS. Equities analysts anticipate that CEB will post $3.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were given a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Tuesday, December 13th. CEB’s dividend payout ratio is currently 142.24%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bbva Compass Bancshares Inc. increased its position in shares of CEB by 29.4% in the second quarter. Bbva Compass Bancshares Inc. now owns 16,099 shares of the company’s stock valued at $993,000 after buying an additional 3,661 shares in the last quarter. Nordea Investment Management AB increased its position in shares of CEB by 235.4% in the second quarter. Nordea Investment Management AB now owns 9,874 shares of the company’s stock valued at $609,000 after buying an additional 6,930 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in shares of CEB during the second quarter valued at approximately $1,747,000. Rice Hall James & Associates LLC increased 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 valued at $15,987,000 after buying an additional 3,598 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of CEB by 4.4% in the second quarter. Retirement Systems of Alabama now owns 133,106 shares of the company’s stock valued at $8,210,000 after buying an additional 5,600 shares in the last quarter. 98.48% of the stock is currently owned by institutional investors.
CEB Company Profile
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.
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