Barclays (LON:BARC) analyst Julian Mitchell maintained a Buy rating on Allegion (NYSE:ALLE) on Thursday, setting a price target of $165, which is approximately 21.78% above the present share price of $135.49.
Mitchell expects Allegion to post earnings per share (EPS) of $1.02 for the second quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Allegion, with an average price target of $141.8.
The analysts price targets range from a high of $165 to a low of $115.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $727.3 million and a net profit of $158.4 million. The company's market cap is $12.29 billion.
According to TipRanks.com, Barclays analyst Julian Mitchell is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.7% and a 71.25% success rate.
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. The Americas segment sells a range of products and solutions such locks, locksets, portable locks, key systems, door closers, exit devices, doors and door systems, electronic products, and access control and time and attendance systems. The EMEIA segment offers the same portfolio of products as the Americas segment as well as time and attendance and workforce productivity solutions. The Asia Pacific segment also provides the same product portfolio in addition to video analytics solutions. The company was founded on May 9, 2013 and is headquartered in Dublin, Ireland.