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

Shares of Assa Abloy AB (OTCMKTS:ASAZY) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.

Several analysts have issued reports on ASAZY shares. Zacks Research upgraded shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a research note 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. Dnb Carnegie upgraded shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Barclays restated an “overweight” rating on shares of Assa Abloy in a research report on Monday. Finally, Evercore upgraded shares of Assa Abloy to a “hold” rating in a research report on Monday, April 13th.

Assa Abloy Stock Performance

OTCMKTS ASAZY opened at $18.17 on Wednesday. Assa Abloy has a 1 year low of $14.81 and a 1 year high of $21.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 0.63. The stock has a market capitalization of $40.43 billion, a PE ratio of 23.91, a P/E/G ratio of 2.29 and a beta of 1.17. The company’s 50 day simple moving average is $18.65 and its two-hundred day simple moving average is $19.27.

Assa Abloy (OTCMKTS:ASAZY) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $3.88 billion. Analysts predict 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.