This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TSC Ratings' Updates: AllianceBernstein

The following ratings changes were generated on Tuesday, March 3.

We've downgraded investment management firm AllianceBernstein Holding (AB - Get Report) from hold to sell, driven by its feeble growth in its earnings per share, weak operating cash flow and generally disappointing historical performance in the stock itself.

The company has experienced a steep decline in earnings per share of 74.5% in the most recent quarter compared with the year-ago quarter, and we anticipate that its two-year trend of declining EPS should continue in the coming year. Net operating cash flow decreased by 49.4% to $52.5 million compared with the same quarter last year, and return on equity also decreased, a sign of weakness within the company. Net income feel 73.9%, from $92.2 million to $24 million.

Shares tumbled 81.9% over the year, underperforming the S&P 500, but that should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.

We've upgraded retail propane distributor AmeriGas Partners (APU - Get Report) from hold to buy, driven by its compelling growth in net income, notable return on equity, expanding profit margins, growth in earnings per share and relatively strong performance when compared with the S&P 500 during the past year. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

Net income increased by 128.3% compared with the same quarter last year, from $54.3 million to $124 million, significantly outperforming the S&P 500 and the gas utilities industry. ROE also greatly increased, a signal of significant strength. AmeriGas has a 38.5% gross profit margin, which we consider to be strong, and its net profit margin of 17% significantly outperformed the industry average. EPS rose significantly compared with the year-ago quarter, and though it has reported volatile earnings lately, we feel the company is poised for EPS growth in the coming year. Revenue fell by 2.8% since the year-ago quarter.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
EXH $0.00 0.00%
AB $16.80 0.00%
APU $38.01 0.00%
CVC $31.76 0.00%
L $36.32 0.00%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs