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

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

ASAZY has been the topic of a number of analyst reports. Barclays reiterated an “overweight” rating on shares of Assa Abloy in a report on Monday, June 15th. Royal Bank Of Canada assumed coverage on Assa Abloy in a research note on Tuesday, June 16th. They issued an “outperform” rating on the stock. Zacks Research raised shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Assa Abloy in a report on Thursday, September 17th.

Assa Abloy Trading Down 0.8%

OTCMKTS:ASAZY opened at $17.82 on Friday. The firm has a 50-day simple moving average of $18.25 and a 200-day simple moving average of $18.24. Assa Abloy has a one year low of $16.71 and a one year high of $21.98. The firm has a market cap of $39.65 billion, a P/E ratio of 22.56, a P/E/G ratio of 2.14 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 (OTCMKTS:ASAZY) last issued its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. Assa Abloy had a net margin of 10.82% and a return on equity of 15.56%. Equities analysts anticipate that Assa Abloy will post 0.84 EPS for the current fiscal year.

Assa Abloy Company Profile

Assa Abloy AB is a Sweden-based global provider of access solutions. The company develops, manufactures and sells products and technologies designed to secure, control and automate entry to buildings, facilities and other protected spaces.

Its offerings include mechanical and electromechanical locks, digital and mobile access systems, identification and security technologies, door hardware, entrance automation and security doors. Assa Abloy serves residential, commercial, institutional, hospitality, healthcare and industrial customers through a portfolio of regional and international brands, including ASSA, ABLOY, Yale and HID.

The company was formed in 1994 through the merger of Swedish lock manufacturer ASSA AB and Finnish lock manufacturer Abloy Oy.