Allegion (ALLE) Stock Forecast & Price Target

$108.69

+2.60 (+2.45%)

(As of 12/1/2023 08:54 PM ET)

Today's Range: $105.32
▼
$108.79
50-Day Range: $96.52
▼
$108.69
52-Week Range: $95.94
▼
$128.36

Volume: 689,300 shs
Average Volume: 761,640 shs
Market Capitalization: $9.54 billion

P/E Ratio: 17.23
Dividend Yield: 1.66%
Price Target: $121.14

Allegion Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Hold
Based on 7 Analyst Ratings

Analysts' Consensus Price Target

$119.57
10.01% Upside

High Forecast	$132.00
Average Forecast	$119.57
Low Forecast	$100.00

Type	Current Forecast 12/4/22 to 12/4/23	1 Month Ago 11/4/22 to 11/4/23	3 Months Ago 9/5/22 to 9/5/23	1 Year Ago 12/4/21 to 12/4/22
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$119.57	$121.14	$123.50	$114.88
Predicted Upside	10.01% Upside	12.45% Upside	14.38% Upside	15.14% Upside

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ALLE Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ALLE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Allegion Stock vs. The Competition

Type	Allegion	Industrial Products Companies	S&P 500
Consensus Rating Score	2.57	2.59	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	11.46% Upside	170.65% Upside	13.62% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
12/4/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$130.00 ➝ $119.00	+9.49%
10/19/2023	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$128.00 ➝ $100.00	-0.07%
10/9/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$130.00 ➝ $120.00	+15.73%
9/6/2023	Longbow Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
7/27/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$126.00 ➝ $132.00	+12.55%
4/14/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$138.00 ➝ $119.00	+14.83%
2/23/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight	$108.00 ➝ $119.00	+5.18%
2/23/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$123.00 ➝ $128.00	+13.13%

(Data available from 12/4/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

ALLE Price Target - Frequently Asked Questions

What is Allegion's consensus rating and price target?: According to the issued ratings of 7 analysts in the last year, the consensus rating for Allegion stock is Moderate Buy based on the current 4 hold ratings and 3 buy ratings for ALLE. The average twelve-month price prediction for Allegion is $119.57 with a high price target of $132.00 and a low price target of $100.00. Learn more on ALLE's analyst rating history.
Do Wall Street analysts like Allegion more than its competitors?: Analysts like Allegion less than other Industrial Products companies. The consensus rating for Allegion is Hold while the average consensus rating for industrial products companies is Moderate Buy. Learn more on how ALLE compares to other companies.
Is Allegion being downgraded by Wall Street analysts?: Over the previous 90 days, Allegion's stock had 3 downgrades by analysts.

Does Allegion's stock price have much upside?: According to analysts, Allegion's stock has a predicted upside of 10.88% based on their 12-month stock forecasts.
What analysts cover Allegion?: Allegion has been rated by Barclays, Longbow Research, Vertical Research, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:ALLE) was last updated on 12/4/2023 by MarketBeat.com Staff

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