FMP
Jun 4, 2024 10:04 PM - Davit Kirakosyan(Last modified: Jun 5, 2024 3:55 AM)
Image credit: FMP
Allegion (NYSE:ALLE) shares fell more than 2% intra-day today after Barclays analysts downgraded the company to Underweight from Equalweight, reducing their price target to $116 from $122.
The analysts cited concerns over Allegion's significant exposure to the US greenfield commercial construction market, which they believe will impact the company's top-line performance. Stable trends in the institutional segment may not be sufficient to offset this impact.
Additionally, the analysts anticipate that margin tailwinds from pricing and cost initiatives will ease, and a potential residential recovery in 2025 could lead to a margin mix headwind.
The lack of secular growth drivers is expected to prevent a re-rating of Allegion's valuation multiple.
Nov 22, 2024 5:08 AM - Parth Sanghvi
Fundamental analysis is one of the most essential tools for investors and analysts alike, helping them assess the intrinsic value of a stock, company, or even an entire market. It focuses on the financial health and economic position of a company, often using key data such as earnings, expenses, ass...
Dec 17, 2024 8:58 AM - Sanzhi Kobzhan
Tesla, one of the world’s most talked-about electric vehicle manufacturers, attracts a lot of attention from investors and market watchers. By examining a snapshot of Tesla’s financial ratios—such as those provided by FinancialModelingPrep’s Ratios API—we can get a clearer picture of the company’s f...
Dec 22, 2024 7:59 AM - Sanzhi Kobzhan
When it comes to cutting-edge software and data analytics, Palantir Technologies (NYSE: PLTR) is often front and center. But for many investors, it’s important to consider alternative or complementary stocks in the same sector that may offer robust growth potential. As PLTR looks expensive (overvalu...