Barclays Keeps Their Hold Rating on Allegion (ALLE)
Barclays analyst Julian Mitchell maintained a Hold rating on Allegion today and set a price target of $187.00.
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According to TipRanks, Mitchell is a 5-star analyst with an average return of 11.1% and a 58.03% success rate. Mitchell covers the Industrials sector, focusing on stocks such as Regal Rexnord, GE Vernova Inc., and Honeywell International.
Allegion has an analyst consensus of Hold, with a price target consensus of $183.75.
Based on Allegion’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.07 billion and a net profit of $188.4 million. In comparison, last year the company earned a revenue of $967.1 million and had a net profit of $174.2 million
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ALLE in relation to earlier this year.
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