The Allstate Receives Consensus Recommendation of “Buy” from Analysts (NYSE:ALL)
The Allstate (NYSE:ALL) has earned a consensus rating of “Buy” from the fourteen brokerages that are currently covering the stock, ARN reports. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $64.75.
Shares of The Allstate (NYSE:ALL) opened at 61.14 on Monday. The Allstate has a one year low of $47.32 and a one year high of $61.12. The stock has a 50-day moving average of $58.68 and a 200-day moving average of $56.71. The company has a market cap of $26.498 billion and a P/E ratio of 11.89.
The Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.01 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.12 earnings per share. The Allstate’s revenue was up 5.0% compared to the same quarter last year. Analysts expect that The Allstate will post $5.02 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 1.85%. The ex-dividend date of this dividend is Wednesday, August 27th.
In other The Allstate news, EVP Steven C. Verney sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on ALL. Analysts at Deutsche Bank reiterated a “hold” rating on shares of The Allstate in a research note on Tuesday, August 12th. They now have a $63.00 price target on the stock, up previously from $60.00. Separately, 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. Finally, 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.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.