Assa Abloy (OTCMKTS:ASAZY) Stock Rating Upgraded by Dnb Carnegie

Assa Abloy (OTCMKTS:ASAZY) was upgraded by investment analysts at Dnb Carnegie from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other equities analysts have also recently commented on the stock. Zacks Research cut shares of Assa Abloy from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Barclays raised shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, Citigroup restated a “buy” rating on shares of Assa Abloy in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Assa Abloy has an average rating of “Moderate Buy”.

Assa Abloy Stock Performance

OTCMKTS:ASAZY opened at $18.49 on Thursday. The company has a market capitalization of $41.14 billion, a PE ratio of 24.99, a P/E/G ratio of 2.10 and a beta of 1.22. Assa Abloy has a 52-week low of $12.76 and a 52-week high of $21.98. The stock’s 50 day moving average price is $19.79 and its 200 day moving average price is $19.09. The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Assa Abloy (OTCMKTS:ASAZY) last issued its quarterly earnings data on Thursday, February 5th. The industrial products company reported $0.21 earnings per share 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 analysts’ expectations of $4.36 billion. Assa Abloy had a net margin of 9.74% and a return on equity of 14.78%. On average, research analysts anticipate that Assa Abloy will post 0.69 EPS for the current year.

Assa Abloy Company Profile

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.