The Allstate Corporation (ALL): Valuation Appears To Be A Smart Buy

Wall Street analysts will be watching closely when The Allstate Corporation (NYSE:ALL) reports its quarterly earnings next, which is scheduled for Tue 5 Feb (In 23 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $1.79 per share. In the preceding quarter, the company reportedly generated EPS of $1.93 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 10.60%, a profit margin of 9.00% and a gross margin of .

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of The Allstate Corporation (NYSE:ALL). Most recently, on December 11th, 2018, Edward Jones Upgrade a Hold rating. Before that, on November 2nd, 2018, BofA/Merrill Reiterated to Buy. Credit Suisse Initiated a Outperform rating on August 7th, 2018, Buckingham Research Upgrade an Neutral rating on July 18th, 2018, and Keefe Bruyette Upgrade a Mkt Perform rating on April 2nd, 2018.

At its current price point, combined with the fact that this company has 344.81M shares outstanding, the current market capitalization sits at 28.77B. In the last trading day, 1,821,557 shares of The Allstate Corporation were traded, which compares to its usual volume of about 2.31M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.78 in the past five trading days, resulting in a percentage change of +0.94% and a moving average of 83.04. In the past 20 days, its price changed by $1.05 (which is +1.27%) and the stock’s moving average was 81.33. Looking back a full 50 days, shares of ALL changed by -$10.09 (which is -10.79%) and demonstrated a moving average of 85.93.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 89.32%, a 14-day Stochastic %K score of 93.64% and a 20-day Stochastic %K score of 89.85%. Using a similar metric, The Allstate Corporation (ALL) shares showed a Stochastic %D of 87.86% over the past 9 days, a Stochastic %D score of 90.67% over the last 14 days, and a 20-day Stochastic %D of 81.46%. Meanwhile, this stock’s MACD Oscillator was 0.89 over the past 9 days, 1.66 over the past two weeks, and 2.06 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $83.45 level. Over the past 12 months, this stock has experienced a high price of $104.47 and a low of $77.00. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc sold more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from The Allstate Corporation (NYSE:ALL) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 24,678,105 shares of the company’s stock following the subtraction of -12,231 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 7.17% stake in The Allstate Corporation (ALL)’s shares.

Just in the most recent trading day, The Allstate Corporation (NYSE:ALL) experienced a high price of $83.85 and low point of $82.6. At the end of the last trading session, this stock was at 83.45 per share, following a loss of -$0.43, or -0.11% during the full day.