Somewhat Favorable News Coverage Somewhat Unlikely to Impact The Advisory Board (ABCO) Stock Price
Headlines about The Advisory Board (NASDAQ:ABCO) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Advisory Board earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 44.4318830533194 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Law Offices of Howard G. Smith Commences Investigation on Behalf of The Advisory Board Company Investors (ABCO) (4-traders.com)
- INVESTOR ALERT: Law Offices of Howard G. Smith Commences Investigation on Behalf of The Advisory Board Company Investors (ABCO) (finance.yahoo.com)
- DEADLINE APPROACHING: Khang & Khang LLP Announces Securities Class Action Lawsuit against The Advisory Board Company and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
- Mitek Names Jane J. Thompson, Former President of Walmart Financial Services to Board of Directors (feeds.benzinga.com)
- Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against The Advisory Board Company – ABCO (4-traders.com)
The Advisory Board (ABCO) opened at 53.50 on Friday. The company has a market cap of $2.18 billion, a P/E ratio of 20.32 and a beta of 1.35. The Advisory Board has a 52-week low of $24.85 and a 52-week high of $59.50. The stock’s 50 day moving average price is $52.67 and its 200-day moving average price is $50.96.
The Advisory Board (NASDAQ:ABCO) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.08). The firm had revenue of $200.30 million during the quarter, compared to analysts’ expectations of $196.16 million. The Advisory Board had a net margin of 13.65% and a return on equity of 12.69%. The Advisory Board’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. On average, equities analysts predict that The Advisory Board will post $1.90 earnings per share for the current fiscal year.
A number of research firms have weighed in on ABCO. KeyCorp reiterated a “hold” rating on shares of The Advisory Board in a research note on Friday, September 1st. Cantor Fitzgerald reiterated a “hold” rating and issued a $54.00 target price (up previously from $45.00) on shares of The Advisory Board in a research note on Tuesday, August 29th. Canaccord Genuity lowered The Advisory Board from a “buy” rating to a “hold” rating and reduced their target price for the stock from $56.00 to $54.29 in a research note on Tuesday, August 29th. William Blair lowered The Advisory Board from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Robert W. Baird lowered The Advisory Board from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $63.00 to $54.00 in a research note on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $51.77.
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About The Advisory Board
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.
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