Citigroup Inc. Reiterates Hold Rating for Alliance Holdings GP, L.P. (AHGP)
Alliance Holdings GP, L.P. (NASDAQ:AHGP)‘s stock had its “hold” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Tuesday, American Banking and Market News reports. They currently have a $68.00 price target on the stock. Citigroup Inc.’s price target suggests a potential upside of 4.21% from the stock’s previous close.
Shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) traded up 1.44% on Tuesday, hitting $66.1891. The stock had a trading volume of 39,288 shares. Alliance Holdings GP, L.P. has a 52-week low of $51.70 and a 52-week high of $66.27. The stock has a 50-day moving average of $62.12 and a 200-day moving average of $59.12. The company has a market cap of $3.962 billion and a price-to-earnings ratio of 16.70.
Alliance Holdings GP, L.P. (NASDAQ:AHGP) last announced its earnings results on Monday, April 28th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.96 by $0.17. The company had revenue of $541.93 million for the quarter, compared to the consensus estimate of $558.48 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Analysts expect that Alliance Holdings GP, L.P. will post $3.90 EPS for the current fiscal year.
Alliance Holdings GP, L.P. (NASDAQ:AHGP) owns, directly and indirectly, 100% of the members’ interest in Alliance Resource Management GP, LLC (MGP), the managing general partner of Alliance Resource Partners, L.
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