AllianceBernstein (AB) to Release Earnings on Thursday

AllianceBernstein (NYSE:AB - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect AllianceBernstein to post earnings of $0.87 per share and revenue of $895.69 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.

AllianceBernstein Price Performance

AllianceBernstein stock traded up $0.30 during trading hours on Friday, hitting $40.13. 355,128 shares of the stock traded hands, compared to its average volume of 482,232. AllianceBernstein has a 1 year low of $30.57 and a 1 year high of $40.86. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 0.80 and a beta of 1.20. The firm's 50 day moving average price is $36.96 and its 200-day moving average price is $35.82.

Analysts Set New Price Targets

Several research analysts recently commented on AB shares. Barclays reduced their price objective on AllianceBernstein from $39.00 to $36.00 and set an "equal weight" rating for the company in a research note on Monday, December 9th. The Goldman Sachs Group lifted their price target on AllianceBernstein from $40.75 to $41.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, Evercore ISI boosted their price target on shares of AllianceBernstein from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, AllianceBernstein presently has an average rating of "Moderate Buy" and a consensus price target of $42.40.

About AllianceBernstein

AllianceBernstein Holding L.P. is a publicly owned investment manager. The firm is a related adviser The firm manages separate client focused portfolios for its clients. The firm primarily invests in common and preferred stocks, warrants and convertible securities, government and corporate fxed-income securities, commodities, currencies, real estate-related assets and infation-protected securities.