AllianceBernstein Holding Upgraded by TheStreet to Buy (AB)
The analysts wrote, “AllianceBernstein Holding L.P (AB) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
Shares of AllianceBernstein Holding (NYSE:AB) traded down 0.51% on Friday, 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 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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