Allstate (NYSE: ALL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Thursday. The firm currently has a $50.00 price target on the stock.
A number of other analysts have also recently weighed in on ALL. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Allstate in a research note to investors on Tuesday. They now have a $45.00 price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Allstate in a research note to investors on Friday, October 5th. They now have a $39.00 price target on the stock. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Allstate in a research note to investors on Tuesday, October 2nd. They now have a $40.00 price target on the stock.
Allstate traded up 1.79% on Thursday, hitting $42.62. Allstate has a 1-year low of $24.50 and a 1-year high of $41.94. The company has a market cap of $20.668 billion and a price-to-earnings ratio of 10.22.
Allstate last announced its earnings results on Tuesday, July 31st. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.29. Allstate’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Allstate will post $4.46 earnings per share for the current fiscal year.
The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and their affiliates.
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