The Allstate Given Hold Rating at Deutsche Bank (ALL)
The Allstate (NYSE:ALL)‘s stock had its “hold” rating reaffirmed by Deutsche Bank in a research note issued on Tuesday. They currently have a $63.00 target price on the stock, up from their previous target price of $60.00. Deutsche Bank’s price target indicates a potential upside of 5.78% from the stock’s previous close.
In other The Allstate news, EVP Steven C. Verney sold 12,028 shares of the company’s stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $58.47, for a total transaction of $703,277.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
The Allstate (NYSE:ALL) traded up 0.48% during mid-day trading on Tuesday, hitting $59.845. 1,402,548 shares of the company’s stock traded hands. The Allstate has a 52-week low of $47.32 and a 52-week high of $59.97. The stock’s 50-day moving average is $58.50 and its 200-day moving average is $56.48. The company has a market cap of $25.937 billion and a P/E ratio of 11.66.
The Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.15. The company had revenue of $8.86 billion for the quarter, compared to the consensus estimate of $7.58 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts predict that The Allstate will post $5.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Friday, August 29th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Wednesday, August 27th.
A number of other firms have also recently commented on ALL. Analysts at Keefe, Bruyette & Woods reiterated a “buy” rating on shares of The Allstate in a research note on Friday, August 1st. They now have a $65.00 price target on the stock, up previously from $63.00. Separately, analysts at Nomura reiterated a “neutral” rating on shares of The Allstate in a research note on Thursday, July 31st. They now have a $57.00 price target on the stock, up previously from $56.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Allstate in a research note on Thursday, July 31st. They now have a $60.00 price target on the stock. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $64.75.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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.