Allstate Corp [NYSE: ALL] plunged by -$6.94 during the normal trading session on while it closed the day at $165.40.
Allstate Corp stock has also loss -6.39% of its value over the past 7 days. However, ALL stock has declined by -3.99% in the 3 months of the year. Over the past six months meanwhile, it has gained 5.07% and gained 18.16% year-on date.
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The market cap for ALL stock reached $43.65 billion, with 263.92 million shares outstanding and 262.37 million shares in the current float. Compared to the average trading volume of 1.38M shares, ALL reached a trading volume of 3740983 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Allstate Corp [ALL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALL shares is $192.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALL stock is a recommendation set at 1.75. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BMO Capital Markets have made an estimate for Allstate Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 18, 2024. While these analysts kept the previous recommendation, HSBC Securities raised their target price from $158 to $190. The new note on the price target was released on March 28, 2024, representing the official price target for Allstate Corp stock. Previously, the target price had yet another raise to $193, while TD Cowen analysts kept a Outperform rating on ALL stock. On January 09, 2024, analysts increased their price target for ALL shares from 130 to 180.
The Average True Range (ATR) for Allstate Corp is set at 4.00, with the Price to Sales ratio for ALL stock in the period of the last 12 months amounting to 0.75. The Price to Book ratio for the last quarter was 2.62. Price to Free Cash Flow for ALL in the course of the last twelve months was 8.62.
ALL stock trade performance evaluation
Allstate Corp [ALL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.39. With this latest performance, ALL shares gained by 2.52% in over the last four-week period, additionally plugging by 5.07% over the last 6 months – not to mention a rise of 49.72% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALL stock in for the last two-week period is set at 48.27, with the RSI for the last a single of trading hit 43.81, and the three-weeks RSI is set at 49.62 for Allstate Corp [ALL]. The present Moving Average for the last 50 days of trading for this stock 164.35, while it was recorded at 172.11 for the last single week of trading, and 153.90 for the last 200 days.
Allstate Corp [ALL]: An insightful look at the core fundamentals
Allstate Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.45.
Allstate Corp [ALL]: Institutional Ownership
The top three institutional holders of ALL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in ALL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in ALL stock with ownership which is approximately 5.1238%.
