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

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

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

Assa Abloy Price Performance

Shares of Assa Abloy stock opened at $17.37 on Friday. The firm has a market capitalization of $38.65 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.07 and a beta of 1.15. The company has a current ratio of 1.01, a quick ratio of 0.63 and a debt-to-equity ratio of 0.43. Assa Abloy has a 12 month low of $16.82 and a 12 month high of $21.98. The business’s 50-day moving average price is $18.26 and its 200-day moving average price is $18.21.

Assa Abloy (OTCMKTS:ASAZY) last issued its earnings results on Friday, July 17th. The industrial products company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Assa Abloy had a net margin of 10.82% and a return on equity of 15.56%. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Sell-side analysts forecast 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, manage and automate access to buildings, facilities and other environments.

Its product portfolio includes mechanical and electronic locks, access-control systems, identification and security technologies, entrance automation equipment, security doors and related software and services. ASSA ABLOY serves residential, commercial, institutional and industrial customers, as well as hospitality, healthcare and other specialized markets.

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