Image may be NSFW.
Clik here to view.
Stock analysts at Sandler O’Neill upped their price target on shares of Allstate Corp. (NYSE: ALL) from $55.00 to $56.00 in a report issued on Thursday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Sandler O’Neill’s price target indicates a potential upside of 11.16% from the stock’s previous close.
Shares of Allstate Corp. (NYSE: ALL) traded up 1.04% during mid-day trading on Thursday, hitting $50.905. Allstate Corp. has a 52 week low of $33.38 and a 52 week high of $50.85. The stock’s 50-day moving average is currently $47.98. The company has a market cap of $23.856 billion and a P/E ratio of 10.94.
Allstate Corp. (NYSE: ALL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.29 by $0.18. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same quarter last year, the company posted $1.53 earnings per share. Allstate Corp.’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that Allstate Corp. will post $4.65 EPS for the current fiscal year.
ALL has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Allstate Corp. in a research note to investors on Thursday. They now have a $51.00 price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Allstate Corp. in a research note to investors on Tuesday. They now have a $55.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Allstate Corp. in a research note to investors on Wednesday, June 26th. They now have a $58.00 price target on the stock, up previously from $57.00.
Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Allstate Corp. currently has a consensus rating of “Buy” and an average target price of $94.50.
The Allstate Corporation (NYSE: ALL) is a holding company for Allstate Insurance Company.Image may be NSFW.
Clik here to view.
