Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $25.00 on Allianceberstein Holding L.P. (NYSE:AB) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.74 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Allianceberstein Holding L.P. (NYSE:AB) stands at 11.49.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For AllianceBernstein Holding L.P. , the PEG ratio for coming 3-5 years is 3.10.
The technical analysis highlights that AllianceBernstein Holding L.P. current is trading $-0.88 points away or -3.83% from its 50-day moving average of $22.98. Further it is trading $-0.23 or -1.05% away its 200-day moving average of $22.33.
The 52-week high of Allianceberstein Holding L.P. (NYSE:AB) was $27.92 while lowest point recorded in 52-week was $16.11. It implies if stock price makes a movement of over $-5.82, it will record a new 52-week high. In the case of +37.18% drop, it will touch a new 52-week low.
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