Absolute Software (ABT) Price Target Increased to C$8.00 by Analysts at National Bank Financial

Absolute Software (TSE:ABT) had its price objective hoisted by National Bank Financial from C$7.50 to C$8.00 in a report published on Monday morning. The firm currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Absolute Software’s Q2 2019 earnings at $0.04 EPS, FY2019 earnings at $0.17 EPS and FY2020 earnings at $0.20 EPS.

ABT has been the topic of a number of other research reports. TD Securities upped their price target on Absolute Software from C$7.00 to C$8.00 and gave the stock a hold rating in a report on Tuesday, August 14th. Pi Financial upped their price target on Absolute Software from C$8.25 to C$10.00 in a report on Tuesday, August 14th. Industrial Alliance Securities upped their price target on Absolute Software from C$10.25 to C$10.50 in a report on Tuesday, August 14th. BMO Capital Markets upped their price target on Absolute Software from C$7.50 to C$8.00 and gave the stock a market perform rating in a report on Tuesday, August 14th. Finally, Canaccord Genuity upped their price target on Absolute Software from C$7.50 to C$8.00 in a report on Tuesday, August 14th.

ABT opened at C$8.40 on Monday. Absolute Software has a 1-year low of C$6.06 and a 1-year high of C$8.50.

Absolute Software (TSE:ABT) last released its quarterly earnings results on Monday, August 13th. The company reported C$0.08 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.01 by C$0.07. The firm had revenue of C$31.07 million during the quarter, compared to analyst estimates of C$31.60 million.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Monday, November 5th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Friday, November 2nd.

In other Absolute Software news, insider Todd Wakerley sold 3,200 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of C$7.89, for a total transaction of C$25,248.00. In the last quarter, insiders have sold 7,917 shares of company stock worth $58,608.

Absolute Software Company Profile

Absolute Software Corporation develops, markets, and supports endpoint management and data security solutions for endpoint computing devices in Canada, the United States, and internationally. Its software-as-a-service solutions enable customers to secure endpoints, assess risk, and respond to security threats.

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