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

Shares of Assa Abloy AB (OTCMKTS:ASAZY) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company.

Several equities analysts recently weighed in on ASAZY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Assa Abloy in a research note on Monday, July 20th. Barclays restated an “overweight” rating on shares of Assa Abloy in a research report on Monday, June 15th. Royal Bank Of Canada started coverage on shares of Assa Abloy in a research report 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 note on Wednesday, June 10th. Finally, Evercore upgraded shares of Assa Abloy to a “hold” rating in a report on Monday, April 13th.

Assa Abloy Trading Up 0.4%

Shares of Assa Abloy stock opened at $19.23 on Thursday. The company has a 50-day moving average of $17.67 and a two-hundred day moving average of $18.88. Assa Abloy has a 12-month low of $16.60 and a 12-month high of $21.98. The company has a current ratio of 1.01, a quick ratio of 0.63 and a debt-to-equity ratio of 0.43. The stock has a market cap of $42.79 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 2.23 and a beta of 1.16.

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