Alert: Positive Investment/Fundamental Signals (12/8/23)-Allegion Plc (NYSE: ALLE)


Allegion Plc (NYSE: ALLE) has recently enjoyed extremely important positive changes in investment behavior: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.

Notable positive changes in fundamentals have recently occurred for Allegion Plc (NYSE: ALLE): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, ALLE is expected to continue to be a major Value Builder.

Allegion has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Allegion has a neutral Appreciation Score of 53 but a good Power Rating of 70, triggering the High Neutral Value Trend Rating.

Recent Price Action

On 12/8/23, Allegion Plc (NYSE: ALLE) stock enjoyed a large increase of 5.0%, closing at $110.34. Moreover, exceptionally high trading volume at 288% of normal accompanied the advance. The stock has risen 4.0% during the last week and has been strong relative to the market over the last nine months.

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