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

Assa Abloy AB (OTCMKTS:ASAZY) has been given an average rating of “Moderate Buy” by the seven research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company.

Several brokerages have weighed in on ASAZY. Evercore raised Assa Abloy to a “hold” rating in a research report on Monday, April 13th. Zacks Research downgraded Assa Abloy from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Dnb Carnegie raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Citigroup reissued a “buy” rating on shares of Assa Abloy in a report on Friday, February 6th. Finally, Barclays raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd.

Assa Abloy Stock Performance

Shares of OTCMKTS ASAZY opened at $17.88 on Friday. 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 12 month low of $14.81 and a 12 month high of $21.98. The company has a 50 day simple moving average of $18.71 and a two-hundred day simple moving average of $19.35. The stock has a market cap of $39.79 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 2.26 and a beta of 1.20.

Assa Abloy (OTCMKTS:ASAZY) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.88 billion. Assa Abloy had a return on equity of 15.93% and a net margin of 10.51%. As a group, analysts predict that Assa Abloy will post 0.86 earnings per share 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.