Extremely important positive changes in investment behavior have recently occurred for Allegion Plc (NYSE: ALLE): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Allegion Plc (NYSE: ALLE). Important positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
ALLE is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Allegion has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Allegion has a neutral Appreciation Score of 48 but a good Power Rating of 72, with the High Neutral Value Trend Rating the result.
Recent Price Action
On 1/3/24, Allegion Plc (NYSE: ALLE) stock declined by -2.2%, closing at $121.51. NORMAL trading volume accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -3.7% during the last week.
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