Allegion PLC Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:ALLE)
Allegion PLC (NASDAQ:ALLE) has received an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, StockRatingsNetwork.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $57.29.
Shares of Allegion PLC (NASDAQ:ALLE) opened at 52.14 on Monday. Allegion PLC has a 1-year low of $40.24 and a 1-year high of $58.29. The stock’s 50-day moving average is $53.33 and its 200-day moving average is $52.7.
Allegion PLC (NASDAQ:ALLE) last posted its quarterly 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 $2.37 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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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