The SunTrust Banks, Inc. Downgrades CEB Inc. (CEB) to Hold, Report finds

The SunTrust Banks, Inc. Downgrades CEB Inc. (CEB) to Hold, Report finds

Several other equities analysts have also recently commented on CEB. Cantor Fitzgerald set a $57.00 price target on shares of CEB and gave the company a “buy” rating in a research report on Saturday, November 19th. Stifel Nicolaus lowered shares of CEB from a “buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a report on Thursday, December 8th. Royal Bank Of Canada raised their price objective on shares of CEB from $60.00 to $74.00 and gave the company a “sector perform” rating in a report on Friday, January 6th. RBC Capital Markets restated a “sector perform” rating and issued a $74.00 price objective (up from $60.00) on shares of CEB in a report on Friday, January 6th. Finally, Barclays PLC upgraded shares of CEB from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $50.00 to $75.00 in a report on Monday, January 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $56.31.

CEB Inc. (NYSE:CEB) was downgraded by investment analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating in a research report issued on Monday. They currently have a $77.25 price target on the stock, up from their prior price target of $68.00. SunTrust Banks, Inc.’s price target suggests a potential upside of 0.46% from the company’s previous close.

CEB (NYSE:CEB) opened at 76.90 on Monday. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 66.07 and a beta of 1.91. The stock has a 50 day moving average price of $73.14 and a 200 day moving average price of $60.40. CEB has a 12 month low of $47.33 and a 12 month high of $77.30.

Large investors have recently made changes to their positions in the company. LS Investment Advisors LLC raised its stake in shares of CEB by 5.6% in the third quarter. LS Investment Advisors LLC now owns 2,088 shares of the company’s stock valued at $114,000 after buying an additional 110 shares in the last quarter. Elkfork Partners LLC acquired a new position in CEB during the fourth quarter worth approximately $127,000. Advisor Group Inc. raised its position in CEB by 11.5% in the third quarter. Advisor Group Inc. now owns 2,330 shares of the company’s stock worth $128,000 after buying an additional 240 shares in the last quarter. Suntrust Banks Inc. raised its position in CEB by 2.3% in the third quarter. Suntrust Banks Inc. now owns 4,063 shares of the company’s stock worth $219,000 after buying an additional 92 shares in the last quarter. Finally, 1st Global Advisors Inc. raised its position in CEB by 21.2% in the third quarter. 1st Global Advisors Inc. now owns 4,129 shares of the company’s stock worth $225,000 after buying an additional 721 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

About CEB

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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