Morgan Stanley analyst Joshua Pokrzywinski maintained a Hold rating on Allegion (ALLE) today and set a price target of $105.00. The company’s shares closed last Monday at $113.66, close to its 52-week high of $114.11.
According to TipRanks.com, Pokrzywinski is a 3-star analyst with an average return of 4.5% and a 52.2% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Gates Industrial Corp Plc, and Emerson Electric Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Allegion with a $110.00 average price target.
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Based on Allegion’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $132 million. In comparison, last year the company had a net profit of $116 million.
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Allegion Plc provides security products and solutions that keep people safe, secure and productiv. It operates through the following three geographic segments: Americas; Middle East, India, and Africa (EMEIA); and Asia Pacific.
