The Allstate Corporation (NYSE: ALL) has reported E.P.S. of $1.14 for its second fiscal quarter (ending June 30) versus $-5.29 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $11.06 compared to $-10.29 a year ago.
Recent Price Action
On 7/31/24, The Allstate Corporation (NYSE: ALL) stock declined modestly by -1.4%, closing at $171.12. However, normal trading volume at 83% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -1.4% during the last week.
Current PriceTarget Research Rating
ALL is expected to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Allstate has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Allstate has a neutral Appreciation Score of 42 but a very high Power Rating of 89, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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