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AllianceBernstein Holding (NYSE:AB) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Thursday. The firm currently has a $28.30 price target on the stock. Zacks‘s price objective would suggest a potential upside of 7.56% from the stock’s previous close.

A number of other firms have also recently commented on AB. Analysts at Sanford C. Bernstein raised their price target on shares of AllianceBernstein Holding from $31.00 to $32.00 in a research note on Thursday, July 31st. Separately, analysts at Citigroup Inc. upgraded shares of AllianceBernstein Holding from a “neutral” rating to a “buy” rating in a research note on Thursday, July 31st. They now have a $30.00 price target on the stock, up previously from $28.00. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of AllianceBernstein Holding from a “market perform” rating to an “outperform” rating in a research note on Monday, July 14th. They now have a $31.00 price target on the stock. Four investment analysts have rated the stock with a buy rating, AllianceBernstein Holding has a consensus rating of “Buy” and a consensus target price of $29.05.

Shares of AllianceBernstein Holding (NYSE:AB) traded down 1.12% during mid-day trading on Thursday, hitting $25.57. 174,188 shares of the company’s stock traded hands. AllianceBernstein Holding has a 1-year low of $19.25 and a 1-year high of $28.18. The stock has a 50-day moving average of $26.39 and a 200-day moving average of $24.85. The company has a market cap of $2.475 billion and a price-to-earnings ratio of 14.74.

AllianceBernstein Holding (NYSE:AB) last released its earnings data on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. The company had revenue of $754.00 million for the quarter, compared to the consensus estimate of $740.70 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict that AllianceBernstein Holding will post $1.82 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.

To view Zacks’ full report, visit Zacks’ official website.

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