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

Shares of Assa Abloy AB (OTCMKTS:ASAZY) have been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company.

Several equities research analysts have weighed in on the company. Zacks Research upgraded Assa Abloy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Evercore raised Assa Abloy to a “hold” rating in a report on Monday, April 13th. Pareto Securities upgraded Assa Abloy from a “hold” rating to a “buy” rating in a research report on Wednesday, April 8th. Barclays reaffirmed an “overweight” rating on shares of Assa Abloy in a research note on Monday, June 15th. Finally, Royal Bank Of Canada began coverage on Assa Abloy in a research report on Tuesday, June 16th. They issued an “outperform” rating on the stock.

Assa Abloy Stock Performance

Shares of Assa Abloy stock opened at $17.15 on Friday. The company has a 50 day moving average of $17.67 and a 200-day moving average of $19.01. Assa Abloy has a 1-year low of $16.22 and a 1-year high of $21.98. 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 $38.16 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17.

Assa Abloy (OTCMKTS:ASAZY) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.88 billion. Assa Abloy had a net margin of 10.51% and a return on equity of 15.93%. As a group, equities research analysts forecast that Assa Abloy will post 0.84 earnings per share for the current fiscal 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.