Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for ASSA ABLOY AB (publ) (OTCMKTS:ASAZY)


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ASSA ABLOY AB (publ) (OTCMKTS:ASAZY)‘s stock had its “buy” rating reaffirmed by Deutsche Bank Aktiengesellschaft in a note issued to investors on Tuesday, The Fly reports.

Other research analysts have also issued reports about the company. CSFB assumed coverage on ASSA ABLOY AB (publ) in a research report on Friday, October 2nd. They issued an “outperform” rating for the company. Zacks Investment Research upgraded ASSA ABLOY AB (publ) from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Tuesday. Societe Generale restated a “hold” rating on shares of ASSA ABLOY AB (publ) in a research report on Thursday, October 22nd. BNP Paribas lowered ASSA ABLOY AB (publ) from a “neutral” rating to an “underperform” rating in a research report on Tuesday, December 1st. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of ASSA ABLOY AB (publ) in a research report on Thursday, October 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. ASSA ABLOY AB (publ) has a consensus rating of “Hold” and an average target price of $14.00.

Shares of ASSA ABLOY AB (publ) stock opened at $12.89 on Tuesday. The firm has a market capitalization of $27.20 billion, a price-to-earnings ratio of 31.44 and a beta of 0.79. ASSA ABLOY AB has a fifty-two week low of $7.62 and a fifty-two week high of $13.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 1.22. The stock has a 50 day moving average of $12.30 and a 200 day moving average of $11.69.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last issued its quarterly earnings data on Wednesday, October 21st. The industrial products company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $2.51 billion during the quarter. ASSA ABLOY AB (publ) had a return on equity of 13.66% and a net margin of 9.35%. Analysts forecast that ASSA ABLOY AB will post 0.41 EPS for the current year.

About ASSA ABLOY AB (publ)

ASSA ABLOY AB (publ) provides door opening products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, Africa, North and South America, Asia, and Oceania. The company offers mechanical and electromechanical locks, digital door locks, cylinders, door fittings, security doors, door frames, access control devices, secure lockers, and fire doors, as well as hardware products.

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The Fly

Analyst Recommendations for ASSA ABLOY AB (publ) (OTCMKTS:ASAZY)

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