In a report released on May 22, Elyse Greenspan from Wells Fargo maintained a Hold rating on Allstate, with a price target of $243.00. The company’s shares closed last Friday at $216.60.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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According to TipRanks, Greenspan is a 4-star analyst with an average return of 6.1% and a 56.00% success rate. Greenspan covers the Financial sector, focusing on stocks such as Progressive, Arthur J Gallagher & Co, and Aon.
In addition to Wells Fargo, Allstate also received a Hold from Morgan Stanley’s Bob Huang in a report issued on May 11. However, on May 22, Barclays maintained a Sell rating on Allstate (NYSE: ALL).
Based on Allstate’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $16.94 billion and a net profit of $2.46 billion. In comparison, last year the company earned a revenue of $16.26 billion and had a net profit of $595 million
