The Allstate Corporation is witnessing a surge in investor confidence following a 5.4% increase in the Zacks Consensus Estimate for its current year earnings, projected at $7.12 per share. Analyst Meyer Shields has raised Allstate's target price by 2.4% to $260, contributing to its top Zacks Rank of #1 (Strong Buy), with 56% of brokerage recommendations categorized as strong buys. With a PEG ratio of 0.43, significantly below the industry average, Allstate appears undervalued, further bolstered by its robust revenue of $17.27 billion in the last quarter and consistent earnings beat over four preceding quarters.
“Companies with ex-dividend date · include · Allstate, Lam Research, Cigna, Qualcomm · next week”
“Companies with ex-dividend date · include · Allstate, Lam Research, Cigna, Qualcomm · next week”
“Allstate Corporation · is · Deep Value Stock · true”
“Meyer Shields · increased · target price on Allstate · 2.4% to $260”
“The Allstate Corporation · has witnessed the · Zacks Consensus Estimate for its current year earnings · increasing 5.4% over the last 60 days”
“The Allstate Corporation · has a · PEG ratio · 0.43”
“The Allstate Corporation · has a · Growth Score · B”
“Allstate · has been on · Zacks.com's list of the most searched stocks · true”
“Allstate · has returned · +6.1% over the past month · true”
“Allstate · is expected to post earnings of · $7.12 per share for the current quarter · true”
“Recent change in the consensus estimate · has resulted in · Zacks Rank #1 (Strong Buy) for Allstate · true”
“Allstate · reported revenues of · $17.27 billion in the last reported quarter · true”
