Alliance Holdings GP, L.P. Rating Increased to Strong-Buy at Raymond James (AHGP)
Alliance Holdings GP, L.P. (NASDAQ:AHGP) opened at 64.36 on Monday. Alliance Holdings GP, L.P. has a 1-year low of $51.70 and a 1-year high of $69.72. The stock’s 50-day moving average is $63.96 and its 200-day moving average is $61.54. The company has a market cap of $3.853 billion and a price-to-earnings ratio of 16.20.
Alliance Holdings GP, L.P. (NASDAQ:AHGP) last issued its quarterly earnings data on Monday, April 28th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.96 by $0.17. The company had revenue of $541.93 million for the quarter, compared to the consensus estimate of $558.48 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Analysts expect that Alliance Holdings GP, L.P. will post $4.31 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Alliance Holdings GP, L.P. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $70.50 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Alliance Holdings GP, L.P. in a research note on Tuesday, April 29th. They now have a $68.00 price target on the stock.
Alliance Holdings GP, L.P. (NASDAQ:AHGP) owns, directly and indirectly, 100% of the members’ interest in Alliance Resource Management GP, LLC (MGP), the managing general partner of Alliance Resource Partners, L.
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