Allegion Stock: Is Wall Street Bullish or Bearish?

Valued at a market cap of $11.2 billion, Allegion plc (ALLE) is a leading global provider of security products and solutions for business and domestic purposes. The Dublin, Ireland-based company offers an extensive portfolio of mechanical and electronic security products, including doors and door systems, biometric and mobile access control systems, locks, locksets, workforce productivity systems, and other accessories. 

Shares of this security products provider have significantly underperformed the broader market over the past 52 weeks. Allegion has marginally increased over this time frame, while the broader S&P 500 Index ($SPX) has gained 17.5%. Moreover, on a YTD basis, the stock is down 1%, compared to SPX’s 1.3% rise.