Allegion PLC Receives New Coverage from Analysts at Longbow Research (ALLE)
Allegion PLC (NASDAQ:ALLE) opened at 52.26 on Wednesday. Allegion PLC has a 1-year low of $40.24 and a 1-year high of $58.29. The stock has a 50-day moving average of $53.06 and a 200-day moving average of $52.85.
Allegion PLC (NASDAQ:ALLE) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the 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. The company’s revenue for the quarter was up .5% on a year-over-year basis. 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 other 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Allegion PLC currently has a consensus rating of “Buy” and a consensus target price of $57.29.
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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