The Allstate’s Neutral Rating Reaffirmed at Zacks (ALL)
The Allstate (NYSE:ALL)‘s stock had its “neutral” rating restated by Zacks in a report issued on Friday. They currently have a $61.00 price objective on the stock. Zacks‘s price target indicates a potential upside of 4.18% from the stock’s previous close.
The Allstate (NYSE:ALL) traded down 0.03% during mid-day trading on Friday, hitting $58.53. The stock had a trading volume of 906,138 shares. The Allstate has a 1-year low of $47.32 and a 1-year high of $59.68. The stock has a 50-day moving average of $58.58 and a 200-day moving average of $55.37. The company has a market cap of $25.401 billion and a price-to-earnings ratio of 12.65.
The Allstate (NYSE:ALL) last released its earnings data on Tuesday, May 6th. The company reported $1.30 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.47 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts predict that The Allstate will post $4.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Investors of record on Friday, May 30th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, May 28th.
ALL has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of The Allstate from $63.00 to $64.00 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. 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 stock presently has an average rating of “Buy” and an average price target of $62.00.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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