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Wells Fargo Starts Advisory Board Company (ABCO) at Market Perform; Great Model, But Valuation Already Reflects Positives

May 29, 2012 4:59 PM EDT Send to a Friend
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Price: $50.12 --0%

Rating Summary:
    8 Buy, 5 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 12 | Down: 12 | New: 27
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Wells Fargo initiates coverage on Advisory Board Company (NASDAQ: ABCO) with a Market Perform. PT range $95-100.

Analyst, Jamie Stockton, said, "The company provides best practice research, Web-based analytical software, and consulting services to about 60% of hospitals in the United States. While traction with its Web-based software has pushed that business to about 50% of total revenue and helped drive 29% growth in FY2012, we see a moderation of growth toward the mid- to high teens. We can think of no other company with such direct insights into clients' challenges and the tools to address them. However, current valuation appears to reflect that uniqueness."

For an analyst ratings summary and ratings history on Advisory Board Company click here. For more ratings news on Advisory Board Company click here.

Shares of Advisory Board Company closed at $94.61 yesterday.




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