Deutsche Bank Sets Allstate Price Target at $38.00 (ALL)
Investment analysts at Deutsche Bank (NYSE: DB) increased their target price on shares of Allstate (NYSE: ALL) from $34.00 to $38.00 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock.
Shares of Allstate opened at 33.14 on Tuesday. Allstate has a one year low of $22.27 and a one year high of $34.99. The company has a market cap of $16.284 billion and a P/E ratio of 16.50.
Allstate last issued its quarterly earnings data on Wednesday, May 2nd. The company reported $1.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.10 by $0.43. Allstate’s revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Allstate will post $0.76 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse (NYSE: CS) raised their price target on shares of Allstate from $35.00 to $39.00 in a research note to investors on Tuesday, May 15th. They now have an “outperform” rating on the stock. Separately, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Allstate from $35.00 to $40.00 in a research note to investors on Monday, May 14th. They now have an “outperform” rating on the stock.
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.