Last Updated: 07 Nov 2024
Executive Summary
Allegion PLC (ALLE) is a leading provider of security products for homes and businesses. The company has a strong financial position with a market capitalization of $12.25 billion and an EBITDA of $888.4 million. Allegion's stock is currently trading at $140.93, which is within its 52-week range of $99.62 to $156.1. The company has a trailing PE ratio of 21.68 and a forward PE ratio of 17.92. Analysts have a consensus rating of "Buy" on Allegion, with a target price of $147.68.
Company Overview
Allegion PLC is an American-Irish provider of security products, for homes and businesses. It comprises thirty one global brands, including CISA, Interflex, LCN, Schlage and Von Duprin. The company has a presence in over 100 countries and employs over 12,000 people. Allegion's products include locks, door hardware, electronic access control systems, and security management software.
Fundamental Analysis
Allegion PLC has a strong financial position with a market capitalization of $12.25 billion and an EBITDA of $888.4 million. The company's revenue has grown steadily over the past five years, from $3.2 billion in 2018 to $3.7 billion in 2023. Allegion's net income has also grown steadily over the past five years, from $440 million in 2018 to $650 million in 2023. The company's profit margin is 15.4% and its operating margin is 22.2%. Allegion's return on assets is 10.7% and its return on equity is 40.8%.
Technical Analysis
Allegion PLC's stock is currently trading at $140.93, which is within its 52-week range of $99.62 to $156.1. The stock has been trending higher since the beginning of the year, and it is currently above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 60, which indicates that it is overbought.
Short Term Outlook
Allegion PLC's stock is expected to continue to trend higher in the short term. The company has a strong financial position and its stock is trading above its moving averages. The stock's RSI is overbought, but it is not yet in overbought territory.
Long Term Outlook
Allegion PLC's long-term outlook is positive. The company is a leader in the security industry and it has a strong track record of growth. The company's products are in demand in both the residential and commercial markets. Allegion is well-positioned to continue to grow its revenue and earnings in the years to come.
Analyst Recommendations
Analysts have a consensus rating of "Buy" on Allegion PLC, with a target price of $147.68. Four analysts have a rating of "Buy" on the stock, six analysts have a rating of "Hold", and two analysts have a rating of "Sell".
