The stock of Allegion plc (NYSE: ALLE) has decreased by -1.32 when compared to last closing price of 126.54. Despite this, the company has experienced a 0.02% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-25 that Allegion (ALLE) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.58 per share a year ago.
Is It Worth Investing in Allegion plc (NYSE: ALLE) Right Now?
Allegion plc (NYSE: ALLE) has a price-to-earnings ratio of 20.35x that is above its average ratio. Additionally, the 36-month beta value for ALLE is 1.14. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for ALLE is 86.90M and currently, short sellers hold a 1.95% ratio of that float. The average trading volume of ALLE on April 26, 2024 was 709.53K shares.
ALLE’s Market Performance
ALLE’s stock has seen a 0.02% increase for the week, with a -6.35% drop in the past month and a -0.71% fall in the past quarter. The volatility ratio for the week is 1.99%, and the volatility levels for the past 30 days are at 1.79% for Allegion plc The simple moving average for the last 20 days is -3.53% for ALLE stock, with a simple moving average of 6.88% for the last 200 days.
Analysts’ Opinion of ALLE
Many brokerage firms have already submitted their reports for ALLE stocks, with Mizuho repeating the rating for ALLE by listing it as a “Neutral.” The predicted price for ALLE in the upcoming period, according to Mizuho is $141 based on the research report published on February 23, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see ALLE reach a price target of $140, previously predicting the price at $139. The rating they have provided for ALLE stocks is “Equal Weight” according to the report published on February 21st, 2024.
Barclays gave a rating of “Equal Weight” to ALLE, setting the target price at $119 in the report published on December 04th of the previous year.
ALLE Trading at -4.21% from the 50-Day Moving Average
After a stumble in the market that brought ALLE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.79% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares sank -6.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.64% lower at present.
During the last 5 trading sessions, ALLE rose by +0.02%, which changed the moving average for the period of 200-days by +2.86% in comparison to the 20-day moving average, which settled at $128.97. In addition, Allegion plc saw -1.44% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALLE starting from Eckersley Timothy P, who sale 2,291 shares at the price of $132.75 back on Mar 12 ’24. After this action, Eckersley Timothy P now owns 33,276 shares of Allegion plc, valued at $304,130 using the latest closing price.
Eckersley Timothy P, the Sr. VP-Allegion International of Allegion plc, sale 5,089 shares at $130.63 during a trade that took place back on Mar 11 ’24, which means that Eckersley Timothy P is holding 0 shares at $664,799 based on the most recent closing price.
Stock Fundamentals for ALLE
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.58 for the gross margin
The net margin for Allegion plc stands at 0.15. The total capital return value is set at 0.22. Equity return is now at value 45.20, with 12.86 for asset returns.
Based on Allegion plc (ALLE), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 1.49. The interest coverage ratio of the stock is 7.68.
Currently, EBITDA for the company is 833.3 million with net debt to EBITDA at 2.02. When we switch over and look at the enterprise to sales, we see a ratio of 3.46. The receivables turnover for the company is 8.08for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
In conclusion, Allegion plc (ALLE) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
