Allegion PLC (NYSE:ALLE) has been assigned an average rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $91.33.

Several research firms have recently commented on ALLE. Wells Fargo & Company reissued an “outperform” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Allegion in a research note on Wednesday, October 18th. BidaskClub lowered shares of Allegion from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Robert W. Baird reissued a “hold” rating on shares of Allegion in a research note on Tuesday, September 26th. Zacks Investment Research lowered shares of Allegion from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Wolfe Research raised shares of Allegion from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th.

Shares of Allegion (NYSE ALLE) traded up $0.23 during mid-day trading on Thursday, reaching $83.33. 651,793 shares of the company’s stock traded hands, compared to its average volume of 685,686. The company has a current ratio of 2.14, a quick ratio of 1.54 and a debt-to-equity ratio of 3.79. The stock has a market capitalization of $7,920.00, a price-to-earnings ratio of 22.59, a PEG ratio of 1.55 and a beta of 1.10. Allegion has a one year low of $63.71 and a one year high of $89.81.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.02. The company had revenue of $609.40 million during the quarter, compared to analyst estimates of $622.18 million. Allegion had a net margin of 14.37% and a return on equity of 154.50%. Allegion’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. sell-side analysts anticipate that Allegion will post 3.79 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of ALLE. Whittier Trust Co. raised its holdings in Allegion by 94.2% in the third quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock valued at $107,000 after acquiring an additional 600 shares in the last quarter. Sentry Investment Management LLC raised its holdings in Allegion by 12.4% in the second quarter. Sentry Investment Management LLC now owns 4,516 shares of the scientific and technical instruments company’s stock valued at $366,000 after acquiring an additional 497 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in Allegion in the second quarter valued at approximately $2,516,000. Alliancebernstein L.P. raised its holdings in Allegion by 92.2% in the second quarter. Alliancebernstein L.P. now owns 1,645,398 shares of the scientific and technical instruments company’s stock valued at $133,475,000 after acquiring an additional 789,183 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Allegion by 19.2% in the second quarter. Legal & General Group Plc now owns 449,434 shares of the scientific and technical instruments company’s stock valued at $36,458,000 after acquiring an additional 72,258 shares in the last quarter. 89.47% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This article was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2017/11/28/allegion-plc-alle-receives-consensus-rating-of-buy-from-analysts.html.

About Allegion

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.

Analyst Recommendations for Allegion (NYSE:ALLE)

Receive News & Stock Ratings for Allegion PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion PLC and related stocks with our FREE daily email newsletter.