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

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

A number of brokerages have issued reports on ASAZY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a research note on Monday, July 20th. Barclays reaffirmed an “overweight” rating on shares of Assa Abloy in a research note on Monday, June 15th. Zacks Research raised Assa Abloy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Finally, Royal Bank Of Canada began coverage on Assa Abloy in a research note on Tuesday, June 16th. They set an “outperform” rating on the stock.

Assa Abloy Price Performance

Shares of OTCMKTS:ASAZY opened at $18.36 on Monday. The company has a market capitalization of $40.85 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.14 and a beta of 1.16. Assa Abloy has a 1-year low of $16.71 and a 1-year high of $21.98. The firm’s 50 day simple moving average is $18.14 and its two-hundred day simple moving average is $18.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.63.

Assa Abloy (OTCMKTS:ASAZY) last announced its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Assa Abloy had a net margin of 10.82% and a return on equity of 15.56%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. Research analysts expect 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.