Mizuho Securities Reaffirms Their Buy Rating on Allstate (ALL)
In a report released today, Yaron Kinar from Mizuho Securities maintained a Buy rating on Allstate, with a price target of $259.00.
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Kinar covers the Financial sector, focusing on stocks such as Allstate, Marsh & McLennan Companies, and Chubb. According to TipRanks, Kinar has an average return of 11.0% and a 67.08% success rate on recommended stocks.
In addition to Mizuho Securities, Allstate also received a Buy from Bank of America Securities’s Joshua Shanker in a report issued on April 14. However, on April 17, Barclays maintained a Sell rating on Allstate (NYSE: ALL).
Based on Allstate’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $16.59 billion and a net profit of $3.83 billion. In comparison, last year the company earned a revenue of $16.34 billion and had a net profit of $1.93 billion
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