Morgan Stanley Sticks to Their Hold Rating for Allegion (ALLE)
Morgan Stanley analyst Christopher Snyder maintained a Hold rating on Allegion today and set a price target of $165.00.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
According to TipRanks, Snyder is a 4-star analyst with an average return of 9.2% and a 54.02% success rate. Snyder covers the Industrials sector, focusing on stocks such as Emerson Electric Company, Rockwell Automation, and WW Grainger.
Allegion has an analyst consensus of Hold, with a price target consensus of $179.29.
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.
