Assa Abloy (OTCMKTS:ASAZY) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Assa Abloy (OTCMKTS:ASAZY) from a strong sell rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

A number of other equities research analysts have also issued reports on ASAZY. Barclays raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Dnb Carnegie raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Evercore raised Assa Abloy to a “hold” rating in a research report on Monday, April 13th. Finally, Pareto Securities raised Assa Abloy from a “hold” rating to a “buy” rating in a research report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Assa Abloy Stock Up 1.7%

ASAZY opened at $17.50 on Wednesday. Assa Abloy has a one year low of $14.81 and a one year high of $21.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.03. The stock’s fifty day moving average is $18.68 and its 200-day moving average is $19.28. The company has a market capitalization of $38.94 billion, a PE ratio of 23.03, a P/E/G ratio of 2.20 and a beta of 1.17.

Assa Abloy (OTCMKTS:ASAZY) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Assa Abloy had a return on equity of 15.93% and a net margin of 10.51%.The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.88 billion. On average, equities analysts predict that Assa Abloy will post 0.86 EPS for the current fiscal year.

About Assa Abloy

Assa Abloy is a global provider of door opening solutions, formed in 1994 through the merger of Swedish lock manufacturer ASSA and Finnish lock specialist Abloy. Building on a legacy that dates back to 1907, the company has grown into a diversified security technology group offering a broad portfolio of mechanical and electromechanical locks, access control systems, identification technology and entrance automation. Assa Abloy serves a wide range of end markets, including commercial buildings, residential dwellings, institutions, transportation hubs and hospitality venues.

The company’s product offerings encompass traditional mechanical locks and keys as well as advanced digital solutions such as mobile access credentials, smart door locks and cloud-based access management platforms.