Assa Abloy AB (OTCMKTS:ASAZY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Assa Abloy AB (OTCMKTS:ASAZY) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company.

Several equities research analysts have recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Assa Abloy in a research note on Friday, February 6th. Dnb Carnegie upgraded Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Zacks Research cut shares of Assa Abloy from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Barclays raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd.

Assa Abloy Stock Performance

Shares of ASAZY stock opened at $18.49 on Friday. The stock’s fifty day simple moving average is $19.79 and its 200-day simple moving average is $19.10. The company has a market capitalization of $41.14 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 2.10 and a beta of 1.22. The company has a current ratio of 1.03, a quick ratio of 0.63 and a debt-to-equity ratio of 0.46. Assa Abloy has a 1-year low of $12.76 and a 1-year high of $21.98.

Assa Abloy (OTCMKTS:ASAZY) last released its quarterly earnings data on Thursday, February 5th. The industrial products company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.36 billion. Assa Abloy had a return on equity of 14.78% and a net margin of 9.74%. On average, sell-side analysts predict that Assa Abloy will post 0.69 earnings per share for the current fiscal year.

About Assa Abloy

Assa Abloy is a global provider of door opening solutions, formed in 1994 through the merger of Swedish lock manufacturer ASSA and Finnish lock specialist Abloy. Building on a legacy that dates back to 1907, the company has grown into a diversified security technology group offering a broad portfolio of mechanical and electromechanical locks, access control systems, identification technology and entrance automation. Assa Abloy serves a wide range of end markets, including commercial buildings, residential dwellings, institutions, transportation hubs and hospitality venues.

The company’s product offerings encompass traditional mechanical locks and keys as well as advanced digital solutions such as mobile access credentials, smart door locks and cloud-based access management platforms.