Assa Abloy (OTCMKTS:ASAZY) Upgraded at Dnb Carnegie

Dnb Carnegie upgraded shares of Assa Abloy (OTCMKTS:ASAZY) from a hold rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

Several other research analysts have also recently issued reports on ASAZY. Barclays raised shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Citigroup reiterated a “buy” rating on shares of Assa Abloy in a research report on Friday, February 6th. Finally, Zacks Research downgraded Assa Abloy from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Assa Abloy currently has a consensus rating of “Moderate Buy”.

Assa Abloy Stock Performance

Shares of ASAZY opened at $18.49 on Thursday. 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 company has a 50-day simple moving average of $19.79 and a two-hundred day simple moving average of $19.09. Assa Abloy has a one year low of $12.76 and a one year high of $21.98. The firm has a market capitalization of $41.14 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.10 and a beta of 1.22.

Assa Abloy (OTCMKTS:ASAZY) last announced its quarterly earnings data on Thursday, February 5th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.36 billion. Assa Abloy had a net margin of 9.74% and a return on equity of 14.78%. On average, analysts anticipate that Assa Abloy will post 0.69 EPS 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.