Alert: Positive Investment/Fundamental Signals (12/20/23)-Allegion Plc (NYSE: ALLE)


Recent extremely meaningful positive changes in investment behavior have benefitted Allegion Plc (NYSE: ALLE): the stock rose on very heavy volume, and its longer term price trend turned up.

Recent important positive changes in fundamentals have benefitted 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

ALLE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Allegion has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Allegion has a neutral Appreciation Score of 51 and a slightly positive Power Rating of 70, leading to the High Neutral Value Trend Rating.

Recent Price Action

On 12/20/23, Allegion Plc (NYSE: ALLE) stock rose modestly by 0.9%, closing at $120.54. Moreover, this advance was accompanied by exceptionally high trading volume at 200% of normal. Relative to the market the stock has been strong over the last nine months and has risen 9.8% during the last week.

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