Allegion PLC Price Target Cut to $61.00 by Analysts at Bernstein (ALLE)
Investment analysts at Bernstein reduced their target price on shares of Allegion PLC (NASDAQ:ALLE) from $63.00 to $61.00 in a note issued to investors on Friday. Bernstein’s price objective points to a potential upside of 19.75% from the company’s current price.
Shares of Allegion PLC (NASDAQ:ALLE) traded down 2.08% during mid-day trading on Friday, hitting $50.36. 903,923 shares of the company’s stock traded hands. Allegion PLC has a 52 week low of $40.24 and a 52 week high of $58.29. The stock’s 50-day moving average is $55.55 and its 200-day moving average is $52.40.
Allegion PLC (NASDAQ:ALLE) last announced its earnings results on Wednesday, July 30th. The company reported $0.61 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.64 by $0.03. The company had revenue of $531.50 million for the quarter, compared to the consensus estimate of $537.22 million. Allegion PLC’s revenue was up .5% compared to the same quarter last year. Analysts expect that Allegion PLC will post $2.40 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Allegion PLC in a research note on Friday. They now have a $54.00 price target on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Allegion PLC from $57.00 to $60.00 in a research note on Wednesday, June 18th. They now have an “in-line” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $57.29.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.