Assa Abloy AB (OTCMKTS:ASAZY) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Assa Abloy AB (OTCMKTS:ASAZY) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a report on Thursday, September 17th.

Assa Abloy Stock Performance

Assa Abloy stock opened at $17.83 on Tuesday. The business has a 50 day moving average of $17.99 and a 200-day moving average of $18.19. Assa Abloy has a 1 year low of $16.82 and a 1 year high of $21.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.63. The company has a market capitalization of $39.67 billion, a P/E ratio of 22.57, a P/E/G ratio of 2.10 and a beta of 1.15.

Assa Abloy (OTCMKTS:ASAZY) last posted its earnings results on Friday, July 17th. The industrial products company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Assa Abloy had a net margin of 10.82% and a return on equity of 15.56%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. On average, equities research analysts predict that Assa Abloy will post 0.84 earnings per share for the current year.

Assa Abloy Company Profile

Assa Abloy AB is a Sweden-based global provider of access solutions. The company develops, manufactures and sells products and systems that help secure, manage and automate access to buildings, properties and other facilities.

Its portfolio includes mechanical and electromechanical locks, electronic access-control systems, digital identification and authentication solutions, door hardware, security doors, entrance automation equipment and security solutions for hotels. Assa Abloy also provides related services, software and integrated systems for commercial, institutional, residential and industrial customers.

The company was formed in 1994 through the merger of Assa in Sweden and Abloy in Finland.