Assa Abloy (OTCMKTS:ASAZY) Upgraded by Dnb Carnegie to “Strong-Buy” Rating

Assa Abloy (OTCMKTS:ASAZY) was upgraded by research analysts at Dnb Carnegie from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

ASAZY has been the subject of a number of other reports. Citigroup reiterated a “buy” rating on shares of Assa Abloy in a report on Friday, February 6th. Barclays upgraded shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Finally, Zacks Research lowered shares of Assa Abloy from a “strong-buy” rating to a “hold” rating in a research report 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Assa Abloy Trading Up 1.4%

Shares of OTCMKTS:ASAZY opened at $18.49 on Thursday. 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 $19.83 and its 200-day moving average is $19.08. The company has a market cap of $41.14 billion, a P/E ratio of 24.99, a P/E/G ratio of 2.07 and a beta of 1.22. Assa Abloy has a 52-week low of $12.76 and a 52-week high of $21.98.

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