Allstate: BMO Capital Keeps Outperform Rating, Raises PT to $235.
In a recent update, BMO Capital Markets has maintained its outperform rating on Allstate (NYSE:ALL), while simultaneously raising its price target for the stock to $235. The new rating and target reflect the latest financial data and analyst consensus.
According to BMO Capital Markets' latest research report, the firm has kept its rating on Allstate at "outperform," indicating a positive outlook on the stock's performance. The firm's analysts believe that Allstate's strong fundamentals, coupled with favorable market conditions, make it a compelling investment opportunity.
The price target was raised from the previous $229.40 to $235, representing a potential upside of 11.62% from the current price of $205.51. This increase is based on the company's robust financial performance, as well as the analysts' expectation for continued growth in the insurance sector.
The latest update from BMO Capital Markets comes amidst a positive trend in analyst ratings for Allstate. The stock has a consensus rating of "Moderate Buy" based on 17 analyst ratings, with 14 analysts rating the stock as a "buy" or "strong buy." This positive sentiment is further bolstered by the company's strong earnings reports and consistent dividend growth [2].
Allstate's latest earnings report showed a quarterly earnings per share (EPS) of $1.84, matching analysts' expectations. The company's revenue for the quarter was $6.32 billion, which was below the anticipated $8.79 billion but still demonstrated solid growth. The company's return on equity (ROE) was 10.15%, and the net margin was 10.25%, indicating strong operational efficiency [1].
The firm's analysts have also highlighted Allstate's competitive position in the insurance market, its robust capital position, and its ability to adapt to changing market conditions. These factors contribute to the positive outlook on the stock.
In conclusion, BMO Capital Markets' latest update on Allstate reflects a bullish stance on the stock, with a raised price target and a maintained outperform rating. The firm's analysts believe that Allstate's strong fundamentals and positive market trends make it a compelling investment opportunity for investors.
References:
[1] https://www.marketbeat.com/instant-alerts/filing-tacita-capital-inc-raises-holdings-in-bank-of-montreal-nysebmo-2025-08-15/
[2] https://www.marketbeat.com/stocks/NYSE/ALL/forecast/
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