Stock To Watch: Allianceberstein Holding L.P. (NYSE:AB)


The leading market experts have placed a mean price target of $25.00 on Allianceberstein Holding L.P. (NYSE:AB) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.49 a share for the upcoming quarter and $1.77 for the current fiscal. Technical View The technical analysis of AllianceBernstein Holding L.P. plainly substantiates that the 50-day moving average of AllianceBernstein Holding L.P. is $23.30, and stock is hovering -0.25 or -1.07% distant from $23.30. It is noted that the 200-day MA is $22.12, and AllianceBernstein Holding L.P. stock is $0.93 or +4.19% off from this point. Allianceberstein Holding L.P. (NYSE:AB) 52-week high is $29.49 and the 52-week low is $16.11. This explains if the stock moves $-6.44, it will post a 52-week high. In event of $+43.08% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of AllianceBernstein Holding L.P. , shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Allianceberstein Holding L.P. (NYSE:AB) ratio came in at 11.98. The stock last ended the trading session at $23.05 and registered a market cap of $2.23B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Allianceberstein Holding L.P. (NYSE:AB) PEG ratio is at 3.29.

1 Chart Pattern Every Investor Should Know

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