ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of ASSA ABLOY AB (publ) (OTCMKTS:ASAZYGet Rating) from a hold rating to a buy rating in a report published on Tuesday, Zacks.com reports. They currently have $13.00 price target on the industrial products company’s stock.

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. “

ASAZY has been the topic of several other research reports. Barclays dropped their target price on shares of ASSA ABLOY AB (publ) from SEK 330 to SEK 320 in a report on Tuesday, April 5th. DNB Markets upgraded shares of ASSA ABLOY AB (publ) from a hold rating to a buy rating in a report on Monday, February 7th. Morgan Stanley lifted their price target on shares of ASSA ABLOY AB (publ) from SEK 269 to SEK 280 and gave the company an equal weight rating in a research note on Friday, April 29th. JPMorgan Chase & Co. decreased their price target on shares of ASSA ABLOY AB (publ) from SEK 290 to SEK 285 and set a neutral rating for the company in a research note on Tuesday, March 22nd. Finally, Citigroup decreased their price target on shares of 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $245.50.

Shares of OTCMKTS:ASAZY opened at $11.99 on Tuesday. The firm has a market cap of $25.30 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.91 and a beta of 0.86. The firm’s fifty day moving average is $12.94 and its 200-day moving average is $13.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.81 and a current ratio of 1.26. ASSA ABLOY AB has a 52 week low of $10.99 and a 52 week high of $16.66.

The firm also recently announced a dividend, which will be paid on Thursday, May 19th. Stockholders of record on Friday, April 29th will be given a dividend of $0.076 per share. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 28th. ASSA ABLOY AB (publ)’s payout ratio is presently 24.14%.

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.

See Also

Get a free copy of the Zacks research report on ASSA ABLOY AB (publ) (ASAZY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for ASSA ABLOY AB (publ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASSA ABLOY AB (publ) and related companies with MarketBeat.com's FREE daily email newsletter.