Allstate Corp. Stock Rating Reaffirmed by MKM Partners (ALL)
Allstate Corp. (NYSE:ALL)‘s stock had its “buy” rating restated by equities research analysts at MKM Partners in a research note issued to investors on Thursday, Stock Ratings Network.com reports. They currently have a $60.00 price objective on the stock. MKM Partners’ target price indicates a potential upside of 13.29% from the stock’s previous close.
A number of other analysts have also recently weighed in on ALL. Analysts at Keefe, Bruyette & Woods upgraded shares of Allstate Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. They now have a $62.00 price target on the stock, up previously from $54.00. Separately, analysts at Credit Suisse raised their price target on shares of Allstate Corp. from $55.00 to $62.00 in a research note to investors on Thursday, September 19th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Allstate Corp. in a research note to investors on Wednesday, September 18th. They now have a $54.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $55.33.
Shares of Allstate Corp. (NYSE:ALL) traded up 0.96% on Thursday, hitting $53.47. 1,849,343 shares of the company’s stock traded hands. Allstate Corp. has a one year low of $37.10 and a one year high of $52.61. The stock has a 50-day moving average of $52.03 and a 200-day moving average of $49.93. The company has a market cap of $24.781 billion and a P/E ratio of 11.32.
Allstate Corp. (NYSE:ALL) last announced its earnings results on Thursday, October 31st. The company reported $1.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.06 by $0.47. The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $7.30 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Analysts expect that Allstate Corp. will post $5.15 EPS for the current fiscal year.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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