Assa Abloy (OTCMKTS:ASAZY) Raised to Strong-Buy at Pareto Securities

Assa Abloy (OTCMKTS:ASAZY) was upgraded by Pareto Securities from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on ASAZY. Citigroup reissued a “buy” rating on shares of Assa Abloy in a research report on Friday, February 6th. Barclays raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Zacks Research downgraded Assa Abloy from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Dnb Carnegie raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Assa Abloy Stock Up 0.6%

ASAZY stock opened at $19.66 on Wednesday. Assa Abloy has a twelve month low of $13.45 and a twelve month high of $21.98. The company has a market cap of $43.75 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 2.22 and a beta of 1.22. The business’s 50-day simple moving average is $19.68 and its 200 day simple moving average is $19.12. The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Assa Abloy (OTCMKTS:ASAZY) last released its earnings results on Thursday, February 5th. The industrial products company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Assa Abloy had a return on equity of 14.78% and a net margin of 9.74%.The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.36 billion. On average, research analysts anticipate that Assa Abloy will post 0.69 earnings per share for the current 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.