Absolute Software (TSE:ABT) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$7.71.
Several research firms have commented on ABT. BMO Capital Markets reissued a “market perform” rating and issued a C$8.00 target price on shares of Absolute Software in a report on Tuesday, November 14th. National Bank Financial dropped their target price on Absolute Software from C$8.00 to C$7.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 14th. TD Securities dropped their target price on Absolute Software from C$8.00 to C$7.00 and set a “hold” rating on the stock in a report on Tuesday, November 14th. Canaccord Genuity dropped their target price on Absolute Software from C$8.00 to C$7.50 in a report on Tuesday, November 14th. Finally, Imperial Capital downgraded Absolute Software from an “outperform” rating to an “in-line” rating in a report on Wednesday, January 17th.
Shares of Absolute Software (TSE ABT) opened at C$7.27 on Monday. Absolute Software has a 1 year low of C$6.60 and a 1 year high of C$8.82. The firm has a market capitalization of $286.85, a P/E ratio of -51.93 and a beta of 0.65.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Thursday, February 1st. Absolute Software’s payout ratio is currently -173.92%.
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Absolute Software Company Profile
Absolute Software Corporation is engaged in the development, marketing and support of endpoint security and data risk management solutions to commercial, healthcare, education and government customers. The Company operates through Data and Device Security segment. The Company offers solutions for devices, such as computers, laptops, tablets and smartphones.
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