ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Given Consensus Recommendation of “Hold” by Analysts

Posted by Defense World Staff on May 19th, 2023

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Rating) has been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $266.40.

Separately, Citigroup cut shares of ASSA ABLOY AB (publ) from a “neutral” rating to a “sell” rating in a research report on Wednesday, April 5th.

ASSA ABLOY AB (publ) Stock Performance

OTCMKTS:ASAZY opened at $11.55 on Friday. The business’s fifty day moving average is $11.64 and its 200 day moving average is $11.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.71 and a current ratio of 1.20. The firm has a market cap of $25.70 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 2.10 and a beta of 0.99. ASSA ABLOY AB has a 52-week low of $8.69 and a 52-week high of $12.78.

ASSA ABLOY AB (publ) Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 19th. Stockholders of record on Friday, April 28th will be issued a dividend of $0.0759 per share. This represents a dividend yield of 1.22%. This is a positive change from ASSA ABLOY AB (publ)’s previous dividend of $0.06. The ex-dividend date is Thursday, April 27th. ASSA ABLOY AB (publ)’s payout ratio is 26.23%.

ASSA ABLOY AB (publ) Company Profile

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Assa Abloy AB engages in the provision of intelligent lock and security solutions. It operates through the following divisions: Europe, Middle East and Africa (EMEA), Americas, Asia Pacific, Global Technologies, and Entrance Systems. The regional divisions, namely EMEA, Americas, and Asia Pacific manufacture and sell mechanical and electromechanical locks, digital door locks and smart home access solutions, high-security doors, fire doors and hardware adapted to the local market’s standards and security requirements.