Is The Allstate Corporation (NYSE:ALL) a Long Term Growth Play?

Shaers of The Allstate Corporation (NYSE:ALL) have been recommended as a long term growth pick according to Beta Research.  With the firm’s stock price currently trading around $93.33, the firm has proven a solid track record of growth over the past few years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 25.40% earnings per share growth over the past 5 years and 2.10% revenue growth over that same time frame. 

Recent Performance

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, The Allstate Corporation (NYSE:ALL)’s stock was 25.92%.  Over the last week of the month, it was 1.34%, 5.82% over the last quarter, and  14.98% for the past six months. 

Over the past 50 days, The Allstate Corporation’s stock is -2.02% off of the high and 9.04% removed from the low.  Their 52-Week High and Low are as follows: -2.02% (High), 40.24%, (Low). 

Analyst Recommendation

Despite the past success, investors want to know where the stock is headed from here.  Analysts covering the shares have a consensus short-term price target of $97.71 on the equity.   Analysts have a consensus recommendation of 2.30 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  

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