AllianceBernstein Holding Price Target Increased to $24.00 by Analysts at Sandler O’Neill (AB)
Stock analysts at Sandler O’Neill increased their target price on shares of AllianceBernstein Holding (NYSE:AB) from $23.00 to $24.00 in a report issued on Wednesday. Sandler O’Neill’s price target indicates a potential upside of 1.69% from the company’s current price.
AllianceBernstein Holding (NYSE:AB) traded down 0.51% on Wednesday, 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 issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.39 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.38 earnings per share. AllianceBernstein Holding’s revenue was up .7% compared to the same quarter last year. 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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