Zacks Reaffirms Neutral Rating on Allstate (ALL)

By admin | 7 years ago

Allstate (NYSE: ALL)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Thursday. They currently have a $35.00 target price on the stock.

Shares of Allstate opened at 34.23 on Thursday. Allstate has a 52 week low of $22.27 and a 52 week high of $34.83. The company has a market cap of $17.057 billion and a P/E ratio of 22.67.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $1.53 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.10 EPS by $0.43. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts predict that Allstate will post $0.74 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of Allstate in a research note to investors on Thursday. Separately, analysts at Goldman Sachs (NYSE: GS) upgraded shares of Allstate from a “sell” rating to a “neutral” rating in a research note to investors on Thursday. Finally, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Allstate from $29.00 to $32.00 in a research note to investors on Monday, April 2nd. They now have an “equal weight” rating on the stock.

The Allstate Corporation (Allstate), incorporated on November 5, 1992, is a holding company of Allstate Insurance Company.

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