Last Updated: 14 Sep 2024
Executive Summary
AllianceBernstein Holding L.P. (AB) is a publicly owned investment manager with a market capitalization of $39.21 billion. The company has a strong financial position with a trailing PE ratio of 11.92, a forward PE ratio of 9.71, and a dividend yield of 0.0845%. AB's technical analysis indicates a bullish trend with the stock price trading above its 50-day and 200-day moving averages. The analyst consensus rating for AB is "Buy" with a target price of $40.04.
Company Overview
AB is a global investment management firm that provides a range of investment products and services to individual and institutional investors. The company has a long history of success, dating back to its founding in 1929. AB is headquartered in New York City and has offices in over 20 countries around the world.
Fundamental Analysis
AB's financial performance has been strong in recent years. The company's revenue has grown at a CAGR of 5.2% over the past five years. AB's net income has also grown at a CAGR of 6.3% over the same period. The company's profitability metrics are also strong, with a gross profit margin of 10.2% and a net profit margin of 8.1%.
AB's balance sheet is also strong. The company has a low level of debt and a high level of cash and equivalents. AB's cash flow from operations has also been strong in recent years.
Technical Analysis
AB's technical analysis indicates a bullish trend. The stock price is trading above its 50-day and 200-day moving averages. The stock is also trading in a rising channel, which is a bullish pattern. The relative strength index (RSI) is also above 50, which indicates that the stock is in a bullish trend.
Short Term Outlook
The short-term outlook for AB is positive. The stock price is trading above its key moving averages and is in a rising channel. The RSI is also above 50, which indicates that the stock is in a bullish trend.
Long Term Outlook
The long-term outlook for AB is also positive. The company has a strong financial position and is well-positioned to benefit from the growing demand for investment management services. AB's long-term growth prospects are supported by its strong brand recognition, its global reach, and its commitment to innovation.
Analyst Recommendations
The analyst consensus rating for AB is "Buy" with a target price of $40.04. This indicates that analysts believe that AB's stock is undervalued and has the potential to appreciate in value.
