Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; The Allstate Corporation ALL.
Allstate in Focus
ALL may be an interesting play thanks to its forward PE of 7.9, its P/S ratio of 0.7, and its decent dividend yield of 2.3%. These factors suggest that Allstate is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that ALL has decent revenue metrics to back up its earnings.
The Allstate Corporation PS Ratio (TTM)
The Allstate Corporation ps-ratio-ttm | The Allstate Corporation Quote
But before you think that Allstate is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 14.0% in the past 30 days, thanks to seven upward revisions in the past one month compared to none lower.
This estimate strength is actually enough to push ALL to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank stocks here.
So really, Allstate is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.3% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Allstate Corporation (ALL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
