Expert Outlook: Allegion Through The Eyes Of 4 Analysts
Portfolio Pulse from Benzinga Insights
Four analysts have recently updated their ratings on Allegion (NYSE:ALLE), all maintaining an 'Indifferent' stance with updated price targets, reflecting a slight optimism in their outlook. The average 12-month price target for Allegion has been raised to $131.0, indicating a 0.96% increase from the previous target. Allegion, a global security products company, has shown positive financial performance with a revenue growth rate of 4.17% and a net margin of 13.22%, outperforming industry averages. However, its high debt-to-equity ratio of 1.53 poses a challenge.
April 02, 2024 | 7:01 pm
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Analysts have updated their ratings on Allegion, maintaining an 'Indifferent' stance but raising the 12-month price target to $131.0. Allegion's financial performance is strong, with significant revenue growth and net margin, although it faces challenges with a high debt-to-equity ratio.
The unanimous decision by analysts to maintain an 'Indifferent' rating but increase the price target suggests a cautiously optimistic outlook for Allegion. The company's strong financial performance, particularly in revenue growth and net margin, supports a positive short-term impact on the stock price. However, the high debt-to-equity ratio is a concern that investors should monitor, as it could impact long-term financial stability.
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