KBW Increases AllianceBernstein Holding Price Target to $22.00 (AB)
Investment analysts at KBW upped their target price on shares of AllianceBernstein Holding (NYSE:AB) from $21.00 to $22.00 in a note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock. KBW’s price objective indicates a potential downside of 6.78% from the stock’s previous close.
Shares of AllianceBernstein Holding (NYSE:AB) traded down 0.51% during mid-day trading on Thursday, hitting $23.60. The stock had a trading volume of 274,194 shares. AllianceBernstein Holding has a 52 week low of $18.77 and a 52 week high of $26.69. The stock’s 50-day moving average is $24.77 and its 200-day moving average is $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 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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