AllianceBernstein Holding LP (NYSE: AB) has reported earnings for its second fiscal quarter (ending June 30) of $0.99 versus $0.53 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.87 compared to $2.28 a year ago.
Recent Price Action
AllianceBernstein Holding LP (NYSE: AB) stock closed at $34.97 on 7/26/24 after an increase of 1.6%. Moreover, this advance was accompanied by exceptionally high trading volume at 280% of normal. The stock has risen 4.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
AB is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
AllianceBernstein Holding has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. AllianceBernstein Holding has a slightly negative Appreciation Score of 34 but a good Power Rating of 71, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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