Allegion PLC Earns Buy Rating from Analysts at Buckingham Research (ALLE)
Buckingham Research initiated coverage on shares of Allegion PLC (NASDAQ:ALLE) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Longbow Research initiated coverage on shares of Allegion PLC in a research note on Wednesday, August 27th. They set a “neutral” rating on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $57.29.
Shares of Allegion PLC (NASDAQ:ALLE) traded up 0.27% on Thursday, hitting $52.33. The stock had a trading volume of 411,298 shares. 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 $52.35 and its 200-day moving average is $52.92.
Allegion PLC (NASDAQ:ALLE) last released its 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. Analysts expect that Allegion PLC will post $2.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.61%.
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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