At the time of writing, Allstate Corp [ALL] stock is trading at $208.20, up 0.16%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALL shares have gain 5.53% over the last week, with a monthly amount glided 11.59%, 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 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.
For the past year, the stock price of Allstate Corp fluctuated between $134.17 and $208.23. Currently, Wall Street analysts expect the stock to reach $178.6 within the next 12 months. Allstate Corp [NYSE: ALL] shares were valued at $208.20 at the most recent close of the market. An investor can expect a potential drop of -14.22% based on the average ALL price forecast.
Analyzing the ALL fundamentals
According to Allstate Corp [NYSE:ALL], the company’s sales were 62.43B for trailing twelve months, which represents an 14.69% jump. Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.22 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 0.39.
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 206.59 points at the first support level, and at 204.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 209.84, and for the 2nd resistance point, it is at 211.49.
Ratios To Look Out For
It is important to note that Allstate Corp [NYSE:ALL] has a current ratio of 0.47. Considering the valuation of this stock, the price to sales ratio is 0.88, the price to book ratio is 2.92 and price to earnings (TTM) ratio is 13.44.
Transactions by insiders
Recent insider trading involved WILSON THOMAS J, Chairman, President & CEO, that happened on Nov 22 ’24 when 31503.0 shares were sold. Officer, WILSON THOMAS J completed a deal on Nov 22 ’24 to buy 31503.0 shares. Meanwhile, Pres, Invest. & Corp. Strategy Dugenske John E sold 36367.0 shares on Sep 20 ’24.
