Assa Abloy AB (OTCMKTS:ASAZY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

ASAZY has been the subject of a number of research analyst reports. Dnb Carnegie raised shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Evercore raised shares of Assa Abloy to a “hold” rating in a research report on Monday, April 13th. Zacks Research upgraded shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Royal Bank Of Canada initiated coverage on shares of Assa Abloy in a research note on Tuesday, June 16th. They issued an “outperform” rating on the stock. Finally, Barclays reiterated an “overweight” rating on shares of Assa Abloy in a research report on Monday, June 15th.

Assa Abloy Stock Performance

Shares of ASAZY stock opened at $17.97 on Friday. The company has a market capitalization of $39.99 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 2.33 and a beta of 1.17. Assa Abloy has a 1-year low of $16.34 and a 1-year high of $21.98. The company has a current ratio of 1.03, a quick ratio of 0.63 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $17.65 and its 200-day simple moving average is $19.00.

Assa Abloy (OTCMKTS:ASAZY) last announced its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Assa Abloy had a return on equity of 15.93% and a net margin of 10.51%.The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. On average, sell-side analysts predict that Assa Abloy will post 0.84 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.