AllianceBernstein Holding L.P. [NYSE:AB] price is worthing noting Friday. The current price is $32.14 with a high of $30.37 and $29.4332. Analysts see the the current price target is $32.07.
To ground this price against the rest of the market, over the last two 52 weeks, the company is trading 5.18%, while the S&P 500 is trading 1.11%. Traders should note that the company’s next earning date is 10/22/2020. The company has price per sales of 9.97.
The Price is right
Holding a Market Cap of $2.87 billion, AllianceBernstein Holding L.P. has seen a trading range over the last year of $13.24-$36.06.
For the last five days, AB is up from its last closing price. The average shares trading hands each day is 337.80K, with average 10-day volume coming in at 0.5 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for AB. When we apply the Elder Force Index to AllianceBernstein Holding L.P., we are seeing an Elder Force Indicator number of 1431336.12.
The recent performance of the stock is another area that can tell traders how to proceed. AB is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 10.04.
In addition, the company has operating cash flow of $258.65 million.
Looking at popular technical indicators, the company’s 5-day moving average is 29.56 compared to the 50-day moving average of 27.85. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. AB currently holds a 9-day RSI of 87.75%, while 100-day RSI stands at 54.63%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. AB’s 9-day MACD is 2.26 and the company’s 100-day MACD stands at 3.25.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 6.59% by insiders and 21.31% by institutions.
Over the last six months, insiders have sold 9,244 with the most recent transaction from Burke Kate C, Chief Operating Officer, with a sell at price 27.90 per share.
Overall, the recommended rating for AB is Moderate Buy. Currently, the company has 6 analysts watching the stock, and the average quarterly earnings estimate is 0.68. Quarterly revenue estimates are averaging 742.21M with the high estimate reaching 754.26M and the low at 735.2M.
To review, the current 1-year target estimate is sitting at 31.79, while the current price 32.14. Based on this, we expect some pullback on the stock over time given our above analysis.