Allegion PLC Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:ALLE)
Shares of Allegion PLC (NASDAQ:ALLE) have been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the stock, Analyst Ratings Net reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $57.29.
Shares of Allegion PLC (NASDAQ:ALLE) traded up 0.71% during mid-day trading on Monday, hitting $52.63. 45,879 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 $53.81 and its 200-day moving average is $52.60.
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. On average, analysts predict that Allegion PLC will post $2.37 earnings per share for the current fiscal year.
ALLE has been the subject of a number of recent research reports. Analysts at Bernstein cut their price target on shares of Allegion PLC from $63.00 to $61.00 in a research note on Friday, August 1st. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Allegion PLC in a research note on Friday, August 1st. 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.
Allegion plc is a global provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands.
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