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

Shares of Assa Abloy AB (OTCMKTS:ASAZY) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company.

Several equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Assa Abloy in a research report on Monday, July 20th. Barclays reaffirmed an “overweight” rating on shares of Assa Abloy in a research report on Monday, June 15th. Finally, Royal Bank Of Canada began coverage on Assa Abloy in a research note on Tuesday, June 16th. They issued an “outperform” rating on the stock.

Assa Abloy Price Performance

ASAZY opened at $18.50 on Monday. The stock has a market capitalization of $41.18 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 2.16 and a beta of 1.16. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.63 and a current ratio of 1.01. Assa Abloy has a one year low of $16.71 and a one year high of $21.98. The business’s 50-day simple moving average is $18.04 and its 200-day simple moving average is $18.65.

Assa Abloy (OTCMKTS:ASAZY) last announced its earnings results on Friday, July 17th. The industrial products company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Assa Abloy had a net margin of 10.82% and a return on equity of 15.56%. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Analysts anticipate that Assa Abloy will post 0.84 EPS for the current 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.