Allstate Corp [ALL] stock is trading at $172.96, up 2.28%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ALL shares have gain 3.69% over the last week, with a monthly amount glided 7.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Allstate Corp [NYSE: ALL] stock has seen the most recent analyst activity on March 28, 2024, when HSBC Securities upgraded its rating to a Buy and also boosted its price target to $190 from $158. Previously, TD Cowen started tracking the stock with Outperform rating on January 10, 2024, and set its price target to $193. On January 09, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $180 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $171 on January 04, 2024. HSBC Securities initiated its recommendation with a Hold and recommended $145 as its price target on December 28, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on June 20, 2023, and assigned it a price target of $117. In a note dated April 03, 2023, William Blair upgraded an Outperform rating on this stock.
Allstate Corp [ALL] stock has fluctuated between $100.57 and $174.57 over the past year. Currently, Wall Street analysts expect the stock to reach $150.25 within the next 12 months. Allstate Corp [NYSE: ALL] shares were valued at $172.96 at the most recent close of the market. An investor can expect a potential drop of -13.13% based on the average ALL price forecast.
Analyzing the ALL fundamentals
Allstate Corp [NYSE:ALL] reported sales of 57.09B for the trailing twelve months, which represents a growth of 8.68%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 170.54 points at the first support level, and at 168.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 174.62, and for the 2nd resistance point, it is at 176.27.
Ratios To Look Out For
For context, Allstate Corp’s Current Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 2.87.
Transactions by insiders
Recent insider trading involved Dugenske John E, Pres, Invest. & Corp. Strategy, that happened on Mar 26 ’24 when 31000.0 shares were sold. SVP, Controller, and CAO, Pintozzi John C completed a deal on Feb 27 ’24 to sell 4000.0 shares. Meanwhile, PresPersonalProperty-Liability Rizzo Mario sold 24698.0 shares on Feb 16 ’24.
