ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of ASSA ABLOY AB (publ) (OTCMKTS:ASAZYGet Rating) from a hold rating to a sell rating in a research report report published on Monday, Zacks.com reports.

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. “

Several other equities analysts have also recently weighed in on ASAZY. JPMorgan Chase & Co. dropped their price target on shares of ASSA ABLOY AB (publ) from SEK 290 to SEK 285 and set a neutral rating on the stock in a research report on Tuesday, March 22nd. Barclays dropped their price target on shares of ASSA ABLOY AB (publ) from SEK 330 to SEK 320 in a research report on Tuesday, April 5th. Deutsche Bank Aktiengesellschaft raised their price target on shares of ASSA ABLOY AB (publ) from SEK 260 to SEK 270 in a research report on Thursday, January 13th. DNB Markets raised shares of ASSA ABLOY AB (publ) from a hold rating to a buy rating in a research report on Monday, February 7th. Finally, Morgan Stanley lifted their target price on shares of ASSA ABLOY AB (publ) from SEK 269 to SEK 280 and gave the stock an equal weight rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $245.67.

Shares of ASAZY opened at $12.21 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.26 and a quick ratio of 0.81. The stock has a 50-day moving average of $13.18 and a 200-day moving average of $14.08. The company has a market cap of $25.76 billion, a PE ratio of 21.05, a P/E/G ratio of 2.30 and a beta of 0.87. ASSA ABLOY AB has a one year low of $11.54 and a one year high of $16.66.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZYGet Rating) last issued its earnings results on Friday, February 4th. The industrial products company reported $0.15 EPS for the quarter. The company had revenue of $2.89 billion during the quarter. ASSA ABLOY AB (publ) had a return on equity of 16.70% and a net margin of 11.56%. Analysts expect that ASSA ABLOY AB will post 0.58 EPS for the current fiscal year.

The business also recently declared a dividend, which will be paid on Thursday, May 19th. Stockholders of record on Friday, April 29th will be paid a dividend of $0.076 per share. The ex-dividend date is Thursday, April 28th. This represents a dividend yield of 1.1%. ASSA ABLOY AB (publ)’s payout ratio is currently 25.86%.

About ASSA ABLOY AB (publ) (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.

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