Allstate Corp [ALL] stock is trading at $187.84, down -1.25%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALL shares have lost -0.45% over the last week, with a monthly amount drifted -1.07%, and not 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 September 05, 2024, when Barclays initiated its Underweight rating and assigned the stock a price target of $175. Previously, Wells Fargo upgraded its rating to Equal Weight on August 12, 2024, and elevated its price target to $177. On July 18, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $191 on the stock. HSBC Securities upgraded its rating to a Buy and increased its price target to $190 on March 28, 2024. TD Cowen initiated its recommendation with a Outperform and recommended $193 as its price target on January 10, 2024. Jefferies upgraded its rating to Buy for this stock on January 09, 2024, and upped its price target to $180. In a note dated January 04, 2024, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $117 to $171.
Allstate Corp [ALL] stock has fluctuated between $109.01 and $193.97 over the past year. Currently, Wall Street analysts expect the stock to reach $170.14 within the next 12 months. Allstate Corp [NYSE: ALL] shares were valued at $187.84 at the most recent close of the market. An investor can expect a potential drop of -9.42% based on the average ALL price forecast.
Analyzing the ALL fundamentals
Allstate Corp [NYSE:ALL] reported sales of 60.30B for the trailing twelve months, which represents a growth of 12.41%. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.17 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.
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 186.43 points at the first support level, and at 185.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 189.88, and for the 2nd resistance point, it is at 191.91.
Ratios To Look Out For
For context, Allstate Corp’s Current Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 2.99 and price to earnings (TTM) ratio is 17.08.
Transactions by insiders
Recent insider trading involved Dugenske John E, Pres, Invest. & Corp. Strategy, that happened on Sep 20 ’24 when 36367.0 shares were sold. Officer, Dugenske John E completed a deal on Sep 20 ’24 to buy 36367.0 shares. Meanwhile, Former Officer Toohey Robert bought 4873.0 shares on Sep 16 ’24.
