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

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

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

Assa Abloy Stock Up 0.8%

Shares of ASAZY traded up $0.14 during mid-day trading on Friday, hitting $17.31. 352,038 shares of the company’s stock were exchanged, compared to its average volume of 665,394. The company has a market cap of $38.52 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 2.25 and a beta of 1.17. Assa Abloy has a fifty-two week low of $15.39 and a fifty-two week high of $21.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.03. The stock’s 50-day moving average is $17.85 and its 200-day moving average is $19.08.

Assa Abloy (OTCMKTS:ASAZY) last announced 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). Assa Abloy had a return on equity of 15.93% and a net margin of 10.51%.The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.88 billion. On average, sell-side analysts anticipate 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.