The stock of Allegion plc (ALLE) has gone up by 5.42% for the week, with a 6.32% rise in the past month and a 22.87% rise in the past quarter. The volatility ratio for the week is 1.94%, and the volatility levels for the past 30 days are 1.70% for ALLE. The simple moving average for the last 20 days is 4.51% for ALLE’s stock, with a simple moving average of 18.04% for the last 200 days.
Is It Worth Investing in Allegion plc (NYSE: ALLE) Right Now?
Allegion plc (NYSE: ALLE) has a higher price-to-earnings ratio of 24.23x compared to its average ratio, The 36-month beta value for ALLE is at 1.12. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for ALLE is 86.86M, and currently, shorts hold a 2.65% of that float. The average trading volume for ALLE on October 18, 2024 was 710.64K shares.
ALLE) stock’s latest price update
Allegion plc (NYSE: ALLE) has experienced a rise in its stock price by 1.03 compared to its previous closing price of 150.93. However, the company has seen a gain of 5.42% in its stock price over the last five trading days. zacks.com reported 2024-10-17 that Here is how Allegion (ALLE) and Ingersoll Rand (IR) have performed compared to their sector so far this year.
Analysts’ Opinion of ALLE
Many brokerage firms have already submitted their reports for ALLE stocks, with Barclays repeating the rating for ALLE by listing it as a “Underweight.” The predicted price for ALLE in the upcoming period, according to Barclays is $116 based on the research report published on June 04, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see ALLE reach a price target of $141, previously predicting the price at $140. The rating they have provided for ALLE stocks is “Neutral” according to the report published on February 23rd, 2024.
Wells Fargo gave a rating of “Equal Weight” to ALLE, setting the target price at $140 in the report published on February 21st of the current year.
ALLE Trading at 8.98% 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 able to rebound, for now settling with 0.33% of gains for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares surge +6.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.52% upper at present.
During the last 5 trading sessions, ALLE rose by +5.42%, which changed the moving average for the period of 200-days by +22.72% in comparison to the 20-day moving average, which settled at $145.90. In addition, Allegion plc saw 20.36% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALLE starting from Jeffrey Braun, who proposed sale 7,675 shares at the price of $126.87 back on Aug 05 ’24. After this action, Jeffrey Braun now owns shares of Allegion plc, valued at $973,737 using the latest closing price.
Stone John H, the President and CEO of Allegion plc, purchase 5,000 shares at $134.99 during a trade that took place back on Jul 26 ’24, which means that Stone John H is holding 118,640 shares at $674,925 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
- 0.44 for the gross margin
The net margin for Allegion plc stands at 0.15. The total capital return value is set at 0.2. Equity return is now at value 43.22, with 12.39 for asset returns.
Based on Allegion plc (ALLE), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 1.71. The interest coverage ratio of the stock is 7.83.
Currently, EBITDA for the company is 833.3 million with net debt to EBITDA at 2.1. When we switch over and look at the enterprise to sales, we see a ratio of 4.11. The receivables turnover for the company is 7.75for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.
Conclusion
In conclusion, Allegion plc (ALLE) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
