Allstate Corp. Sets New 1-Year High at $52.80 (ALL)
Allstate Corp. (NYSE:ALL)’s share price reached a new 52-week high during trading on Thursday, American Banking News reports. The stock traded as high as $52.80 and last traded at $52.54, with a volume of 3,018,533 shares traded. The stock had previously closed at $51.82.
ALL has been the subject of a number of recent research reports. Analysts at Credit Suisse raised their price target on shares of Allstate Corp. (NYSE:ALL) to $62.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Allstate Corp. (NYSE:ALL) in a research note to investors on Wednesday. They now have a $54.00 price target on the stock. Finally, analysts at Guggenheim initiated coverage on shares of Allstate Corp. (NYSE:ALL) in a research note to investors on Wednesday. They set a “buy” rating and a $63.00 price target on the stock.
Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $54.56.
Allstate Corp. has a one year low of $37.92 and a one year high of $52.61. The stock’s 50-day moving average is $49.74 and its 200-day moving average is $49.12. The company has a market cap of $24.387 billion and a price-to-earnings ratio of 11.08.
Allstate Corp. (NYSE:ALL) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.99 by $0.13. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $7.01 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts predict that Allstate Corp. will post $4.83 earnings per share for the current fiscal year.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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