According to Zacks, “Assa Abloy AB offers locks and security products. Its product offer include mechanical locks such as door locks and cylinder locks and security doors, electromechanical locks, electronic locks, door closers, door automatics, access control systems. Assa Abloy also provides secure identity solutions, contactless identification technology solutions, electronic lock systems and safes for hotels and cruise ships. The Company primarily sells in Europe and in North America. Assa Abloy AB is based in Stockholm, Sweden. “
Other equities analysts also recently issued reports about the stock. DNB Markets upgraded shares of ASSA ABLOY AB (publ) from a “hold” rating to a “buy” rating in a report on Monday, February 7th. Barclays cut their target price on ASSA ABLOY AB (publ) from SEK 330 to SEK 320 in a research note on Tuesday, April 5th. Citigroup decreased their price target on ASSA ABLOY AB (publ) from SEK 314 to SEK 305 and set a “buy” rating for the company in a research note on Friday, March 18th. Deutsche Bank Aktiengesellschaft upped their price objective on ASSA ABLOY AB (publ) from SEK 260 to SEK 270 in a research report on Thursday, January 13th. Finally, Morgan Stanley boosted their target price on shares of ASSA ABLOY AB (publ) from SEK 255 to SEK 262 in a research note on Monday, January 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $242.67.
ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Rating) last posted its quarterly earnings data on Friday, February 4th. The industrial products company reported $0.15 EPS for the quarter. ASSA ABLOY AB (publ) had a net margin of 11.48% and a return on equity of 16.34%. The company had revenue of $2.89 billion during the quarter. Sell-side analysts predict that ASSA ABLOY AB will post 0.6 earnings per share for the current fiscal year.
ASSA ABLOY AB (publ) Company Profile (Get Rating)
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, and fire doors, as well as hardware products.
- Get a free copy of the StockNews.com research report on ASSA ABLOY AB (publ) (ASAZY)
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