Assa Abloy (OTCMKTS:ASAZY) Raised to “Hold” at Zacks Research

Assa Abloy (OTCMKTS:ASAZY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other brokerages also recently commented on ASAZY. Pareto Securities raised Assa Abloy from a “hold” rating to a “buy” rating in a research report on Wednesday, April 8th. Dnb Carnegie upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Evercore upgraded Assa Abloy to a “hold” rating in a report on Monday, April 13th. Finally, Barclays upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Assa Abloy has an average rating of “Moderate Buy”.

Assa Abloy Stock Performance

Assa Abloy stock opened at $17.50 on Wednesday. The company has a market capitalization of $38.94 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.20 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.03. Assa Abloy has a fifty-two week low of $14.81 and a fifty-two week high of $21.98. The stock has a fifty day moving average of $18.68 and a two-hundred day moving average of $19.28.

Assa Abloy (OTCMKTS:ASAZY) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.88 billion. Assa Abloy had a net margin of 10.51% and a return on equity of 15.93%. On average, analysts anticipate that Assa Abloy will post 0.86 EPS for the current fiscal 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.