Key Takeaways From Allegion Analyst Ratings
Portfolio Pulse from Benzinga Insights
Analyst ratings for Allegion (NYSE:ALLE) over the last three months show diverse outlooks, with recent updates indicating a positive shift in sentiment. The average 12-month price target for ALLE has increased to $129.75, up 2.37% from the previous target. Analysts from Barclays and Wells Fargo have adjusted their ratings and price targets, reflecting changing market dynamics and Allegion's performance. Allegion, a global security products company, competes with Assa Abloy and Dormakaba. Despite a smaller market capitalization and revenue growth lagging behind industry peers, Allegion demonstrates strong financial health with notable net margin, ROE, and ROA, but carries a higher debt-to-equity ratio.
February 21, 2024 | 4:00 pm
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Allegion's analyst ratings have shown a positive shift, with an updated average 12-month price target of $129.75, indicating a 2.37% increase. The company's strong financial health is highlighted by its net margin, ROE, and ROA, despite a higher debt-to-equity ratio and revenue growth lagging behind industry peers.
The positive shift in analyst sentiment and the increase in the average price target suggest optimism about Allegion's future stock performance. The company's strong financial indicators, such as net margin, ROE, and ROA, support this optimism, despite concerns about its market capitalization and revenue growth compared to peers. The higher debt-to-equity ratio is a point of caution but does not overshadow the overall positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100