Allegion plc [ALLE] stock is trading at $133.08, up 1.56%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALLE shares have gain 4.35% over the last week, with a monthly amount glided 0.89%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Allegion plc [NYSE: ALLE] stock has seen the most recent analyst activity on February 23, 2024, when Mizuho downgraded its rating to a Neutral and also boosted its price target to $141 from $140. Previously, Wells Fargo downgraded its rating to Equal Weight on February 21, 2024, and elevated its price target to $140. On December 04, 2023, downgrade downgraded it’s rating to Equal Weight and revised its price target to $119 on the stock. Vertical Research downgraded its rating to a Hold and decreased its price target to $100 on October 19, 2023. Longbow downgraded its rating to a Neutral. Vertical Research upgraded its rating to Buy for this stock on January 03, 2023, but kept the price target unchanged to $128. In a note dated July 11, 2022, BofA Securities downgraded an Underperform rating on this stock but restated the target price of $110.
Allegion plc [ALLE] stock has fluctuated between $95.94 and $136.91 over the past year. Currently, Wall Street analysts expect the stock to reach $133.4 within the next 12 months. Allegion plc [NYSE: ALLE] shares were valued at $133.08 at the most recent close of the market. An investor can expect a potential return of 0.24% based on the average ALLE price forecast.
Analyzing the ALLE fundamentals
Allegion plc [NYSE:ALLE] reported sales of 3.65B for the trailing twelve months, which represents a growth of 4.17%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.46 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.53.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 131.10 points at the first support level, and at 129.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 134.33, and for the 2nd resistance point, it is at 135.58.
Allegion plc [ALLE] reported earnings per share of $1.68 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.59/share, meaning a difference of $0.09 and a surprise factor of 5.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.94 per share as compared to estimates of $1.73 per share, a difference of $0.21 representing a surprise of 12.10%.
Ratios To Look Out For
For context, Allegion plc’s Current Ratio is 1.26. In addition, the Quick Ratio stands at 0.85 and the Cash Ratio stands at 0.43. Considering the valuation of this stock, the price to sales ratio is 3.19, the price to book ratio is 8.83 and price to earnings (TTM) ratio is 21.74.
Transactions by insiders
Recent insider trading involved Eckersley Timothy P, Sr. VP-Allegion International, that happened on Mar 12 ’24 when 2291.0 shares were sold. Sr. VP-Allegion International, Eckersley Timothy P completed a deal on Mar 11 ’24 to sell 5089.0 shares. Meanwhile, Sr. VP-Allegion International Eckersley Timothy P sold 5047.0 shares on Mar 11 ’24.
