AllianceBernstein Holding Coverage Initiated by Analysts at Jefferies Group (AB)
Investment analysts at Jefferies Group initiated coverage on shares of AllianceBernstein Holding (NYSE:AB) in a note issued to investors on Thursday. The firm set a “hold” rating and a $27.00 price target on the stock. Jefferies Group’s price target points to a potential upside of 0.90% from the company’s current price.
Shares of AllianceBernstein Holding (NYSE:AB) opened at 26.76 on Thursday. AllianceBernstein Holding has a 52-week low of $19.25 and a 52-week high of $28.18. The stock has a 50-day moving average of $26.46 and a 200-day moving average of $25.0. The company has a market cap of $2.591 billion and a P/E ratio of 14.93.
AllianceBernstein Holding (NYSE:AB) last released its earnings data on Wednesday, July 30th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.41 earnings per share. AllianceBernstein Holding’s revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that AllianceBernstein Holding will post $1.82 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of AllianceBernstein Holding from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $28.30 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $28.76.
AllianceBernstein Holding L.P provides research, diversified investment management and related services.
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