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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
Allegion (ALLE)
Headquartered in Dublin, Ireland, Allegion plc is a leading global provider of security products and solutions for business and domestic purposes. It came into existence on Dec 1, 2013, as a stand-alone public company, after Ingersoll-Rand plc separated its commercial and residential security businesses. Exiting 2024, the company had an employee base of 14,400 people.
ALLE is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of B. Shares are up 2.7% over the past one week and up 15.3% over the past four weeks. ALLE has gained 17.1% in the last one-year period as well. Looking at trading volume, an average of 977,087 shares exchanged hands over the last 20 trading days.
Momentum investors also pay close attention to a company's earnings. For ALLE, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.04 to $7.77 per share for 2025. ALLE boasts an average earnings surprise of 10.1%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding ALLE to their portfolios.
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Allegion PLC (ALLE) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).