Mizuho Securities has revised its price target for Allegion (ALLE, Financial), lowering it from $145 to $130, while maintaining a Neutral rating on the company's shares. This adjustment reflects the firm's updated estimates for the electrical equipment and multi-industry sectors as companies prepare for the upcoming earnings season. The recalibration is largely due to anticipated slowdowns in near-term demand and the potential financial impact of escalating tariffs.
Although the first-quarter performance appears to be in line with expectations, Mizuho notes a lack of investor emphasis on these results due to significant recent developments. One primary concern is the intensifying tariff situation, especially with China, which is expected to negatively impact financial outcomes. Companies have started to increase prices in response, but Mizuho foresees potential revenue leakage and unavoidable challenges that could affect overall performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Allegion PLC (ALLE, Financial) is $136.83 with a high estimate of $161.34 and a low estimate of $110.00. The average target implies an upside of 11.00% from the current price of $123.27. More detailed estimate data can be found on the Allegion PLC (ALLE) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Allegion PLC's (ALLE, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Allegion PLC (ALLE, Financial) in one year is $138.65, suggesting a upside of 12.48% from the current price of $123.27. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Allegion PLC (ALLE) Summary page.
