A share price of AllianceBernstein Holding Lp [AB] is currently trading at $35.52, up 2.39%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AB shares have lost -1.80% over the last week, with a monthly amount drifted -2.68%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
AllianceBernstein Holding Lp [NYSE: AB] stock has seen the most recent analyst activity on August 27, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $35. Previously, TD Cowen started tracking the stock with Outperform rating on January 04, 2024, and set its price target to $36. On October 03, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $36.75 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $47 on September 05, 2023. Credit Suisse upgraded its rating to a Outperform and raised its price target to $43.50 on February 13, 2023. Credit Suisse started tracking with a Neutral rating for this stock on October 19, 2022, and assigned it a price target of $28.
AllianceBernstein Holding Lp experienced fluctuations in its stock price throughout the past year between $30.10 and $38.96. Currently, Wall Street analysts expect the stock to reach $39.5 within the next 12 months. AllianceBernstein Holding Lp [NYSE: AB] shares were valued at $35.52 at the most recent close of the market. An investor can expect a potential return of 11.2% based on the average AB price forecast.
Analyzing the AB fundamentals
Gross Profit Margin for this corporation currently stands at -3.19% with Operating Profit Margin at 2.35%, Pretax Profit Margin comes in at 1.0%, and Net Profit Margin reading is 0.92%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.19 and Total Capital is 0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.77 points at the first support level, and at 34.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.11, and for the 2nd resistance point, it is at 36.71.
Transactions by insiders
Recent insider trading involved Equitable Holdings, Inc., that happened on Sep 20 ’24 when 0.7 million shares were purchased., Equitable Holdings, Inc. completed a deal on Sep 20 ’24 to buy 0.5 million shares. Meanwhile, Director Stonehill Charles G.T. sold 4000.0 shares on Aug 22 ’24.