Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Allegion PLC (ALLE) Stock Price
Media stories about Allegion PLC (NYSE:ALLE) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Allegion PLC earned a news impact score of 0.12 on Accern’s scale. Accern also gave media headlines about the scientific and technical instruments company an impact score of 46.0698756934724 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Allegion PLC (ALLE) Downgraded by BidaskClub to “Sell” (americanbankingnews.com)
- Analysts Anticipate Allegion PLC (ALLE) to Announce $1.02 EPS (americanbankingnews.com)
- Allegion PLC (ALLE) PT Set at $85.00 by Robert W. Baird (americanbankingnews.com)
- Global home security solutions market insights shared in detailed report (whatech.com)
- Allegion Plc Set to Possibly Rebound After Yesterday’s Selloff of 1.51% (mysmartrend.com)
A number of research firms have recently weighed in on ALLE. Robert W. Baird set a $85.00 price target on Allegion PLC and gave the stock a “hold” rating in a report on Thursday. BidaskClub cut Allegion PLC from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research upgraded Allegion PLC from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Friday, June 30th. Imperial Capital raised their target price on Allegion PLC from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Finally, Wolfe Research assumed coverage on Allegion PLC in a report on Tuesday, July 11th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $86.00.
Shares of Allegion PLC (ALLE) traded up 0.61% during trading on Friday, reaching $77.62. The company had a trading volume of 376,784 shares. The firm has a 50-day moving average of $80.05 and a 200 day moving average of $77.53. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 30.03 and a beta of 1.10. Allegion PLC has a 52 week low of $61.47 and a 52 week high of $82.90.
Allegion PLC (NYSE:ALLE) last announced its quarterly earnings data on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.11. Allegion PLC had a return on equity of 198.25% and a net margin of 10.76%. The business had revenue of $627 million during the quarter, compared to analyst estimates of $613.37 million. During the same period last year, the company earned $0.99 earnings per share. Allegion PLC’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Allegion PLC will post $3.78 earnings per share for the current year.
In related news, insider Timothy P. Eckersley sold 12,782 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $81.14, for a total transaction of $1,037,131.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Todd V. Graves sold 1,858 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $79.19, for a total value of $147,135.02. Following the sale, the insider now owns 12,084 shares of the company’s stock, valued at $956,931.96. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by company insiders.
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About Allegion PLC
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.
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