The Allstate PT Raised to $64.00 (ALL)
Research analysts at RBC Capital boosted their target price on shares of The Allstate (NYSE:ALL) from $63.00 to $64.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective would indicate a potential upside of 8.81% from the company’s current price.
The Allstate (NYSE:ALL) opened at 58.82 on Friday. The Allstate has a 52 week low of $46.29 and a 52 week high of $59.68. The stock’s 50-day moving average is $58.35 and its 200-day moving average is $55.18. The company has a market cap of $25.527 billion and a price-to-earnings ratio of 12.78.
The Allstate (NYSE:ALL) last released its earnings data on Tuesday, May 6th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.76. The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $8.46 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts expect that The Allstate will post $5.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Friday, May 30th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, May 28th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim raised their price target on shares of The Allstate from $75.00 to $78.00 in a research note on Monday, June 2nd. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Allstate in a research note on Tuesday, May 13th. They now have a $62.00 price target on the stock, up previously from $58.00. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of The Allstate in a research note on Friday, May 9th. They now have a $67.00 price target on the stock, up previously from $63.00. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The Allstate has a consensus rating of “Buy” and a consensus price target of $61.87.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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