Assa Abloy AB (OTCMKTS:ASAZY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Assa Abloy AB (OTCMKTS:ASAZY) have been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

ASAZY has been the topic of a number of analyst reports. Dnb Carnegie upgraded shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Royal Bank Of Canada initiated coverage on shares of Assa Abloy in a research report on Tuesday. They issued an “outperform” rating on the stock. Zacks Research upgraded shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Pareto Securities upgraded shares of Assa Abloy from a “hold” rating to a “buy” rating in a research report on Wednesday, April 8th. Finally, Barclays reiterated an “overweight” rating on shares of Assa Abloy in a research report on Monday.

Assa Abloy Stock Performance

Assa Abloy stock opened at $18.17 on Wednesday. The firm’s fifty day moving average price is $18.65 and its 200-day moving average price is $19.27. 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 has a market cap of $40.43 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 2.29 and a beta of 1.17. Assa Abloy has a fifty-two week low of $14.81 and a fifty-two week high of $21.98.

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

Assa Abloy Company Profile

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.