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

Assa Abloy AB (OTCMKTS:ASAZY) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company.

A number of research firms have weighed in on ASAZY. Pareto Securities raised shares of Assa Abloy from a “hold” rating to a “buy” rating in a research report on Wednesday, April 8th. Evercore upgraded Assa Abloy to a “hold” rating in a research note on Monday, April 13th. Barclays raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Zacks Research lowered Assa Abloy from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Finally, Citigroup reissued a “buy” rating on shares of Assa Abloy in a report on Friday, February 6th.

Assa Abloy Trading Down 0.8%

ASAZY opened at $17.94 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $39.92 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 2.31 and a beta of 1.20. Assa Abloy has a twelve month low of $14.81 and a twelve month high of $21.98. The company has a 50-day simple moving average of $18.75 and a 200 day simple moving average of $19.38.

Assa Abloy (OTCMKTS:ASAZY) last issued its earnings results 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 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 analyst estimates of $3.88 billion. Analysts predict that Assa Abloy will post 0.86 EPS 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.