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

Assa Abloy AB (OTCMKTS:ASAZY) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat.com reports. Three research 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.

Several equities research analysts recently weighed in on ASAZY shares. Pareto Securities upgraded Assa Abloy from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Dnb Carnegie raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Royal Bank Of Canada assumed coverage on Assa Abloy in a research report on Tuesday, June 16th. They set an “outperform” rating on the stock. Zacks Research raised Assa Abloy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Finally, Barclays reaffirmed an “overweight” rating on shares of Assa Abloy in a research report on Monday, June 15th.

Assa Abloy Price Performance

ASAZY stock opened at $16.83 on Wednesday. The business has a 50 day moving average price of $18.50 and a 200 day moving average price of $19.22. The stock has a market cap of $37.45 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.23 and a beta of 1.17. Assa Abloy has a fifty-two week low of $15.25 and a fifty-two week high of $21.98. The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Assa Abloy (OTCMKTS:ASAZY) last posted its earnings results 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 business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Assa Abloy had a return on equity of 15.93% and a net margin of 10.51%. Equities research analysts anticipate 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.