Assa Abloy (OTCMKTS:ASAZY) Stock Rating Upgraded by Evercore

Assa Abloy (OTCMKTS:ASAZY) was upgraded by equities research analysts at Evercore to a “hold” rating in a research note issued on Monday,Zacks.com reports.

ASAZY has been the subject of several other research reports. Pareto Securities raised Assa Abloy from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Barclays raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Citigroup reaffirmed a “buy” rating on shares of Assa Abloy in a research note on Friday, February 6th. Dnb Carnegie raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Finally, Zacks Research downgraded Assa Abloy from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Assa Abloy Stock Up 1.0%

Shares of OTCMKTS ASAZY opened at $20.03 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.63 and a debt-to-equity ratio of 0.46. The company has a market cap of $44.57 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 2.25 and a beta of 1.22. Assa Abloy has a 12 month low of $14.05 and a 12 month high of $21.98. The stock has a 50-day moving average price of $19.65 and a two-hundred day moving average price of $19.20.

Assa Abloy (OTCMKTS:ASAZY) last released its quarterly earnings data on Thursday, February 5th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Assa Abloy had a net margin of 9.74% and a return on equity of 14.78%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.36 billion. As a group, analysts forecast 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.