Alert: Rating Upgrade (12/22/23)-The Allstate Corporation (NYSE: ALL).


Stock Rating Upgrade

In the last week the Value Trend Rating for The Allstate Corporation (NYSE: ALL) improved from C to B reflecting improving fundamentals and high Appreciation Potential.


Recent Price Action

The Allstate Corporation (NYSE: ALL) stock closed at $137.40 on 12/22/23 after an increase of 1.5%. However, below average trading volume at 72% of normal accompanied the advance. The stock has declined -1.3% during the last week but has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

ALL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Allstate has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Allstate has a neutral Appreciation Score of 43 but a very high Power Rating of 90, producing the Positive Value Trend Rating.

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