Allegion (ALLE) Getting Somewhat Favorable News Coverage, Study Finds
Headlines about Allegion (NYSE:ALLE) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Allegion earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the scientific and technical instruments company an impact score of 46.138978396965 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Allegion (NYSE ALLE) traded down $0.43 during midday trading on Monday, reaching $85.80. 477,538 shares of the company’s stock were exchanged, compared to its average volume of 810,657. The company has a quick ratio of 1.54, a current ratio of 2.14 and a debt-to-equity ratio of 3.79. The company has a market cap of $8,195.53, a P/E ratio of 24.38, a P/E/G ratio of 1.45 and a beta of 1.08. Allegion has a 52-week low of $64.74 and a 52-week high of $89.81.
Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.02. The firm had revenue of $609.40 million during the quarter, compared to the consensus estimate of $622.18 million. Allegion had a net margin of 14.37% and a return on equity of 154.50%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. research analysts forecast that Allegion will post 3.79 earnings per share for the current fiscal year.
Several analysts recently commented on the stock. Wolfe Research raised shares of Allegion from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. Zacks Investment Research raised shares of Allegion from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub raised shares of Allegion from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 3rd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $100.00 target price (up previously from $90.00) on shares of Allegion in a report on Wednesday, October 18th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Allegion in a report on Tuesday, September 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $89.75.
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Allegion Company Profile
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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