CEB (CEB) is Downgraded by RBC Capital Mkts to Sector Perform, Price Target at $60

CEB (CEB) was Downgraded by RBC Capital Mkts to ” Sector Perform” and the brokerage firm has set the Price Target at $60. Earlier the firm had a rating of “Outperform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Nov 28, 2016.

Many Wall Street Analysts have commented on CEB. Shares were Reiterated by RBC Capital Mkts on Oct 25, 2016 to “Outperform” and Lowered the Price Target to $ 68 from a previous price target of $71 .

On the company’s financial health, CEB reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $0.88. The company had revenue of $229.84 million for the quarter, compared to analysts expectations of $232.75 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.

CEB opened for trading at $58.85 and hit $58.9 on the upside on Friday, eventually ending the session at $58.9, with a gain of 0.34% or 0.2 points. The heightened volatility saw the trading volume jump to 93,806 shares. Company has a market cap of $1,898 M.

In a different news, on May 4, 2016, Melody L Jones (Chief Administrative Officer) sold 12,310 shares at $62.15 per share price. According to the SEC, on May 4, 2016, Jeffrey R Tarr (director) sold 7,250 shares at $62.07 per share price. On Nov 19, 2015, Daniel O Leemon (director) sold 1,133 shares at $75.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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