You should consider shares of Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) and The Allstate Corporation (NYSE:ALL) if you are looking for a great stocks to invest in. Starting with the AJRD shares, which traded at $53.16 at the close of the recent session, gaining 0.53%. On Wednesday, the company’s shares shed $0.28 from its value which represented in intraday trading. The stock is now 16.43% higher in year-to-date (YTD) trading. AJRD’s intraday high was $53.40 while its lowest price touched $52.63. The stock’s 52-week high price is $53.79, which means the current price is at -1.17%. In terms of trading activity, the daily trading volume rose to 1741060 against 200-day average trading volume of 663,248 shares.
What are analyst forecasts for Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD)?
At a consensus rating of 4.50, AJRD is trending as a streaking Strong Buy, as it has been the case a month ago when 4 analysts called it a Moderate Buy. Two months ago, 4 analysts recommended, on average, that AJRD stock is a Moderate Buy. The Industrial Goods company’s shares’ overall bullish trend saw it close higher on Wednesday compared to its opening price of $52.88 on the day.
Forecasts for Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) give the stock a fair value for the growth of 6.74% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $57.00, which means the price per share could rise by nearly $3.84. The price range target is between a low of $48.00 and a high of $59.00. The stock would need to gain by about $9.9 to hit the estimated high or 0.57% from its 12-month low.
The consensus among 5 analysts is that it is a good time for one to Overweight in the Aerojet Rocketdyne Holdings Inc. 3 analysts rate AJRD as a Buy, with 0 of 5 analysts rate it as a Sell. 1 have valued the stock as Overweight and 1 have recommended that investors Hold.
Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) Upgrades and Downgrades
In terms of rating changes, Jefferies on January 07, 2020, Upgrade Aerojet Rocketdyne Holdings Inc. (AJRD) at Buy. They believe the stock could reach $57 in the near term. Analysts at JP Morgan have assigned a Neutral rating for the stock in their research note on September 10, 2019 with an estimated price target of $52. Moreover, Canaccord Genuity analysts issued a rating of Buy for the stock on June 28, 2019, giving it a price target of $50 for the next 12 months. On January 14, 2019, the stock earned a Outperform rating due to an analyst call from Credit Suisse, while analysts from Jefferies on October 23, 2017 suggested that the stock is Hold.
The Allstate Corporation (NYSE:ALL) adds $0.46 on Wednesday
The ALL stock has risen 1.61% year-to-date and is currently trading at $114.26, which is -0.20% below its 52-week high. The company shares gained 0.40% on the day and have risen nearly 36.63% off a low hit. At current levels, The Allstate Corporation has a valuation of about $42.73B. As of 01/15/20, this stock has risen 1.56% during the week and closed at $113.80 in the previous session. However, recent The Allstate Corporation stock performance shows that ALL shares are 4.16% up over the last month, and 5.73% up for the last three months.
Earnings per share (EPS) estimates for the current quarter are $1.09, with the trailing 12-month share earnings at $7.94. The ratio is expected to be up by 27.50% for the current year 2019 and 0.20% for next year. Over the next 5-year period, earnings per share will be 10.59%. But will the ALL stock surprise in the current quarter results, where the $2.84 actual EPS reported on 9/29/2019 surprised by 7.60% or was higher by $0.2 from the estimated $2.64.
Sales Growth to climb 4.60% for the year
How well will The Allstate Corporation perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $8.7B and $8.88B in current quarter sales. The consensus estimated for the current quarter is $8.81B from sales. Forecasts for this fiscal year are between $34.84B and $35.57B and the consensus estimate for sales is at $35.41B. ALL has its next quarter sales estimates at between $8.59B and $8.82B, with the quarter-over-quarter growth estimates at 4.70% and the annual growth forecast for the year at 4.60%.
Who owns shares in The Allstate Corporation (ALL)?
Let’s briefly focus on the share ownership of the The Allstate Corporation (NYSE:ALL) stock, where we find that 79.69% of shares are held by institutions. Blackrock Inc. tops the list of institutional owners as it is holding 25.67 million shares or 7.92% of shares outstanding. Vanguard Group, Inc. (The) and State Street Corporation held 24.55 million and 16.28 million representing 7.58% and 5.02% respectively at the close of the last trading session. As of Sep 29, 2019, Boston Partners accounted for 9.29 million shares at over 1.01 billion. This represented 2.87% of shares outstanding. Macquarie Group Limited held 7.66 million shares at over 832.8 million representing 2.37% of shares outstanding.
ALL Insider Activity
Insider activity can also give a signal in terms of price direction. Looking at The Allstate Corporation (ALL), a total of 361179 shares have been sold by insiders over the last 6 months while 371096 shares were added in the same time span. On 8/02/2019, by the name Civgin Don sold 163771.0 shares worth $17.1 million at the price of $104.53 per share. Filings also show that Civgin Don sold a total of 97625.0 shares on 8/02/2019 valued at $10.2 million. Since the last insider activity, the company’s share price has climbed 9.33%.