The Allstate’s Overweight Rating Reaffirmed at Barclays (ALL)
The Allstate (NYSE:ALL)‘s stock had its “overweight” rating restated by stock analysts at Barclays in a report issued on Monday. They currently have a $68.00 price objective on the stock, up from their previous price objective of $65.00. Barclays’ price objective suggests a potential upside of 15.86% from the stock’s previous close.
Shares of The Allstate (NYSE:ALL) traded up 0.69% during mid-day trading on Monday, hitting $59.0964. The stock had a trading volume of 279,904 shares. The Allstate has a 1-year low of $47.32 and a 1-year high of $59.68. The stock’s 50-day moving average is $58.60 and its 200-day moving average is $55.40. The company has a market cap of $25.647 billion and a P/E ratio of 12.68.
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 announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders 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 1.91%. The ex-dividend date is Wednesday, May 28th.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of The Allstate in a research note on Friday. They now have a $61.00 price target on the stock. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $62.33.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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