Allstate Corporation (The) (ALL) : Analyst Rating Update

Allstate Corporation (The) (ALL) : The consensus on Allstate Corporation (The) (ALL) based on 16 analyst recommendation on the company stock is 1.81, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Allstate Corporation (The) (ALL) : The most positive equity analysts on Allstate Corporation (The) (ALL) expects the shares to touch $78, whereas, the least positive believes that the stock will trade at $56 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $69.73 with an expected fluctuation of $5.95 from the mean.

Allstate Corporation (The) (NYSE:ALL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.12 and $69.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.46, notching a gain of 0.22% for the day. The total traded volume was 2,210,319 . The stock had closed at $69.31 on the previous day.

The company shares have rallied 6.76% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $69.95 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $67.38 and the 200 Day Moving Average price is recorded at $64.86.

The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business. It offers its products in the United States and Canada. Allstate operates in four business segments: Allstate Protection, Discontinued Lines and Coverages, Allstate Financial, and Corporate and Other. The principal geographic markets for its auto, homeowners, and other personal property and casualty products are in the United States. Through its subsidiaries, it sells various types of personal property and casualty insurance products in around 50 states, the District of Columbia and Puerto Rico. It sells private passenger auto and homeowners insurance through agencies, contact centers and Internet. It sells these products under Allstate, Esurance and Encompass brand names.

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