AllianceBernstein Holding Downgraded by Zacks to Neutral (AB)
AllianceBernstein Holding (NYSE:AB) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday. They currently have a $26.10 price objective on the stock. Zacks‘s target price points to a potential upside of 10.59% from the stock’s previous close.
AllianceBernstein Holding (NYSE:AB) traded down 0.51% during mid-day trading on Tuesday, hitting $23.60. The stock had a trading volume of 274,194 shares. AllianceBernstein Holding has a one year low of $18.77 and a one year high of $26.69. The stock has a 50-day moving average of $24.77 and a 200-day moving average of $23.34. The company has a market cap of $2.271 billion and a P/E ratio of 13.89.
AllianceBernstein Holding (NYSE:AB) last announced its earnings results on Wednesday, April 30th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.02. The company had revenue of $715.00 million for the quarter, compared to the consensus estimate of $723.35 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts predict that AllianceBernstein Holding will post $1.73 earnings per share for the current fiscal year.
AllianceBernstein Holding L.P provides research, diversified investment management and related services globally to a range of clients through three buy-side distribution channels, Institutions, Retail and Private Client, and its sell-side business, Bernstein Research Services.
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