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

Assa Abloy AB (OTCMKTS:ASAZY) has received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have issued a strong buy rating on the company.

ASAZY has been the topic of a number of recent analyst reports. Barclays upgraded shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Citigroup restated a “buy” rating on shares of Assa Abloy in a report on Friday, February 6th. Pareto Securities upgraded shares of Assa Abloy from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Zacks Research downgraded shares of Assa Abloy from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Finally, Evercore upgraded shares of Assa Abloy to a “hold” rating in a report on Monday, April 13th.

Assa Abloy Price Performance

Shares of ASAZY opened at $17.94 on Friday. The company has a market cap of $39.92 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.31 and a beta of 1.20. Assa Abloy has a 1-year low of $14.81 and a 1-year high of $21.98. The company’s fifty day simple moving average is $18.75 and its 200 day simple moving average is $19.38. The company has a current ratio of 1.03, a quick ratio of 0.63 and a debt-to-equity ratio of 0.46.

Assa Abloy (OTCMKTS:ASAZY) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.88 billion. Assa Abloy had a return on equity of 15.93% and a net margin of 10.51%. On average, research analysts forecast 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.