The Allstate Given Consensus Rating of “Buy” by Analysts (NYSE:ALL)
Shares of The Allstate (NYSE:ALL) have been given a consensus recommendation of “Buy” by the fourteen brokerages that are covering the company, Stock Ratings News reports. Five analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $64.75.
In other The Allstate news, VP Samuel H. Pilch sold 11,073 shares of The Allstate stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $61.03, for a total transaction of $675,785.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ALL shares. 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.
Shares of The Allstate (NYSE:ALL) opened at 61.51 on Monday. The Allstate has a 52 week low of $47.32 and a 52 week high of $61.56. The stock has a 50-day moving average of $58.96 and a 200-day moving average of $56.98. The company has a market cap of $26.658 billion and a P/E ratio of 12.03.
The Allstate (NYSE:ALL) last posted its quarterly earnings results 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. On average, analysts predict that The Allstate will post $5.02 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 1.82%. The ex-dividend date is Wednesday, August 27th.
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.