Assa Abloy AB (OTCMKTS:ASAZY) Receives Average Rating of “Moderate Buy” from Brokerages

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

A number of equities research analysts have recently issued reports on ASAZY shares. Royal Bank Of Canada assumed coverage on shares of Assa Abloy in a report on Tuesday, June 16th. They set an “outperform” rating for the company. Barclays restated an “overweight” rating on shares of Assa Abloy in a research report on Monday, June 15th. Zacks Research raised shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a report on Monday, July 20th.

Assa Abloy Price Performance

Shares of Assa Abloy stock opened at $18.76 on Thursday. The business has a 50 day simple moving average of $17.81 and a two-hundred day simple moving average of $18.84. Assa Abloy has a 12 month low of $16.71 and a 12 month high of $21.98. The stock has a market capitalization of $41.74 billion, a P/E ratio of 23.75, a PEG ratio of 2.20 and a beta of 1.16. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.63.

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