The Latest Breaking News from Allegion

Allegion outperformed the broader sector recently, but Wall Street analysts remain cautious about the stock’s prospects.

As Allegion underperformed relative to the S&P 500 Index over the past year, Wall Street analysts remain cautious about the stock’s prospects.

Allegion’s (ALLE) solid second-quarter performance demonstrates the resilience of its business model. Given the steady demand for its innovative security solutions, strategic partnerships and acquisitions, and rapid market expansion, let’s determine if Allegion makes a compelling choice for investors looking for attractive returns. Read more to find out.

Allegion shows improving price performance, earning an upgrade to its IBD Relative Strength Rating

Allegion is expected to release its second-quarter earnings this month, and analysts expect its earnings to remain unchanged year over year.

The S&P 500 hurdled safely over a key milestone while the Nasdaq thrived Friday, but the Dow Jones Industrial Average lost ground.

Although US stocks closed lower on Monday, there were a few notable insider trades.

Within the last quarter, Allegion (NYSE:ALLE) has observed the following analyst ratings:

Over the past 3 months, 7 analysts have published their opinion on Allegion (NYSE:ALLE) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Allegion (NYSE:ALLE) has observed the following analyst ratings within the last quarter:

Pulled from Benzinga Pro data, Allegion (NYSE:ALLE) showed a loss in earnings since Q4, totaling $93.10 million. Sales, on the other hand, increased by 2.03% to $723.60 million during Q1.