JPMorgan Chase & Co. Begins Coverage on Allegion (NYSE:ALLE)

Analysts at JPMorgan Chase & Co. started coverage on shares of Allegion (NYSE:ALLEGet Free Report) in a research report issued on Tuesday, Marketbeat reports. The brokerage set an “overweight” rating and a $170.00 price target on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 19.01% from the company’s current price.

Other research analysts have also recently issued reports about the company. Wall Street Zen cut Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Robert W. Baird boosted their price objective on Allegion from $144.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Finally, Barclays upped their price target on Allegion from $126.00 to $128.00 and gave the stock an “underweight” rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Allegion presently has a consensus rating of “Hold” and a consensus target price of $145.33.

Check Out Our Latest Research Report on ALLE

Allegion Price Performance

ALLE opened at $142.84 on Tuesday. The stock has a fifty day simple moving average of $138.88 and a two-hundred day simple moving average of $132.94. The company has a current ratio of 2.17, a quick ratio of 1.51 and a debt-to-equity ratio of 1.23. The company has a market cap of $12.29 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 4.04 and a beta of 1.02. Allegion has a 12-month low of $113.27 and a 12-month high of $156.10.

Allegion (NYSE:ALLEGet Free Report) last issued its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.18. Allegion had a return on equity of 44.82% and a net margin of 16.28%. The firm had revenue of $941.90 million during the quarter, compared to the consensus estimate of $918.53 million. During the same period last year, the company earned $1.55 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Research analysts predict that Allegion will post 7.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Allegion

A number of institutional investors have recently added to or reduced their stakes in ALLE. Millstone Evans Group LLC bought a new stake in Allegion during the fourth quarter valued at about $28,000. Wayfinding Financial LLC bought a new stake in Allegion during the first quarter valued at about $30,000. Colonial Trust Co SC boosted its position in Allegion by 192.9% during the fourth quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 164 shares in the last quarter. Atala Financial Inc bought a new stake in Allegion during the fourth quarter valued at about $35,000. Finally, Garde Capital Inc. bought a new stake in Allegion during the first quarter valued at about $36,000. Institutional investors own 92.21% of the company’s stock.

About Allegion

(Get Free Report)

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.

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Analyst Recommendations for Allegion (NYSE:ALLE)

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