Stock Update (NYSE:ALL): Allstate to Unveil Rick Fairless Custom 2016 Polaris Slingshot at Daytona Bike Week

[PR Newswire] – NORTHBROOK, Ill., March 4, 2016 /PRNewswire/ — Allstate Insurance Company and legendary motorcycle designer Rick Fairless will reveal a special Fairless-designed 2016 Polaris Slingshot at Daytona Bike Week’s 75th anniversary on Friday, March 4. The Slingshot, customized and painted by Fairless and his Strokers Dallas shop, will serve as this year’s grand prize for the seventh annual Allstate Motorcycle Sweepstakes. The Slingshot will make its debut at the Allstate Rider Protection Zone, located at Daytona Speedway. Read more on this. The Allstate Corporation (ALL) , currently valued at $24.74B, opened at $65.30. Today’s price range has been between $64.85 and $65.50 per share with the price of the stock fluctuating between $54.12 to $72.51 over the last 52 weeks. Priced at 11.98x this year’s forecasted earnings, ALL shares are relatively inexpensive compared to the industry’s 14.37x forward p/e ratio. And for income investors, the company pays shareholders $1.32 per share annually in dividends, yielding 2.08%. Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $1.41 per share, which would be $0.05 worse than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is that the full-year EPS estimate of $5.45 is a $0.26 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.61 Billion. If realized, that would be a 4.10% increase over the year-ago quarter. Recently, Citigroup upgraded ALL from Neutral to Buy (Feb 5, 2016). Previously, Macquarie upgraded ALL from Neutral to Outperform. With the above information in mind, readers should note that the average price target is $70.76, which is 8.36% above where the stock opened this morning. See more in (NYSE:ALL) Similar Articles: Stock Update: The Allstate Corporation (NYSE:ALL) – Allstate Named One of the 2016 ‘Top Companies for Executive Women’ by the National Association for Female Executives Stock Update: The Allstate Corporation (NYSE:ALL) – Allstate Black History Month Campaign Spotlights Modern African-American Inspirational Stories Company Update: The Allstate Corporation (NYSE:ALL) – Allstate® to Bring Entertainment, Excitement and Usher to New Orleans for the 2016 Allstate® Sugar Bowl®
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