Stock Update (NYSE:ALL): Brownsville Ranks First Among 200 Cities in Allstate’s Annual America’s Best Drivers Report®

[PR Newswire] – BROWNSVILLE, Texas, June 28, 2016 /PRNewswire/ — Allstate Insurance Company today released its 12 th annual America’s Best Drivers Report ® , and for the first time ever Brownsville ranked first safest … Read more on this. The Allstate Corporation (ALL) , with a current market cap of $25.06B, opened at $66.65. During today’s session, ALL traded between $66.34 to $67.05 with a trailing 52-week range being $54.12 to $69.48. ALL shares are currently priced at 15.19x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.36x earnings multiple. And for income investors, the company pays shareholders $1.32 per share annually in dividends, yielding 1.99%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $0.59 per share, which would be $0.04 worse than the year-ago quarter and a $0.51 sequential decrease. The full-year EPS estimate is $4.35, which would be a $0.84 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $8.14 Billion. If reported, that would be a 3.30% increase over the year-ago quarter. In terms of ratings, Citigroup upgraded ALL from Neutral to Buy (Feb 5, 2016). Previously, Macquarie upgraded ALL from Neutral to Outperform. Given all the information above, we should disclose to readers that the average price target is $73.21, which is 9.84% above than it opened this morning. See more in (NYSE:ALL) Similar Articles: Stock Update (NYSE:ALL): Allstate Announces April Catastrophe Loss Estimate Stock Update: The Allstate Corporation (NYSE:ALL) – Allstate Publishes 2015 Online Annual Report, Shares Successes While Looking to the Future Stock Update (NYSE:ALL): Allstate to Present at Raymond James 37th Annual Institutional Investors Conference
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