Allegion Plc (NYSE: ALLE) has reported earnings for its first fiscal quarter (ending March 31) of $1.41 versus $1.40 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $6.16 versus $5.55 for the same period a year ago.
Recent Price Action
Allegion Plc (NYSE: ALLE) stock closed at $124.87 on 4/25/24 after a modest decline of -1.3%. Moreover, trading volume in this decline was above average at 126% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -0.7% during the last week.
Current PriceTarget Research Rating
ALLE is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Allegion has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Allegion has a slightly negative Appreciation Score of 40 but a very high Power Rating of 85, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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