Assa Abloy (OTCMKTS:ASAZY) Upgraded to “Hold” at Zacks Research

Assa Abloy (OTCMKTS:ASAZY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other research analysts also recently commented on the company. Pareto Securities raised Assa Abloy from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Barclays raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Evercore raised Assa Abloy to a “hold” rating in a research note on Monday, April 13th. Finally, Dnb Carnegie raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Assa Abloy has a consensus rating of “Moderate Buy”.

Assa Abloy Trading Up 1.7%

Shares of ASAZY stock opened at $17.50 on Wednesday. The stock has a 50 day simple moving average of $18.68 and a 200-day simple moving average of $19.28. Assa Abloy has a 1-year low of $14.81 and a 1-year high of $21.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 0.63. The company has a market cap of $38.94 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.20 and a beta of 1.17.

Assa Abloy (OTCMKTS:ASAZY) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Assa Abloy had a net margin of 10.51% and a return on equity of 15.93%. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.88 billion. On average, equities research analysts expect that Assa Abloy will post 0.86 EPS for the current fiscal year.

About Assa Abloy

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.