AllianceBernstein Holding Price Target Increased to $21.50 by Analysts at Citigroup Inc. (AB)
Equities researchers at Citigroup Inc. raised their price target on shares of AllianceBernstein Holding (NYSE:AB) from $19.50 to $21.50 in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price points to a potential downside of 8.90% from the company’s current price.
AllianceBernstein Holding (NYSE:AB) traded down 0.51% during mid-day trading on Thursday, hitting $23.60. 274,194 shares of the company’s stock traded hands. AllianceBernstein Holding has a 1-year low of $18.77 and a 1-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 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter 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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