Share on StockTwits

The Allstate (NYSE:ALL) was downgraded by investment analysts at William Blair from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.

A number of other analysts have also recently weighed in on ALL. Analysts at Barclays reiterated an “overweight” rating on shares of The Allstate in a research note on Monday, June 30th. They now have a $68.00 price target on the stock, up previously from $65.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Allstate in a research note on Friday, June 27th. They now have a $61.00 price target on the stock. Finally, 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. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $64.50.

The Allstate (NYSE:ALL) traded down 1.07% during mid-day trading on Tuesday, hitting $57.32. 724,283 shares of the company’s stock traded hands. The Allstate has a 52-week low of $47.32 and a 52-week high of $59.68. The stock has a 50-day moving average of $58.60 and a 200-day moving average of $56.14. The company has a market cap of $24.876 billion and a price-to-earnings ratio of 12.52.

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. Analysts expect that The Allstate will post $4.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Friday, August 29th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, August 27th.

The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.