Assa Abloy AB (OTCMKTS:ASAZY) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Assa Abloy has a “Moderate Buy” consensus rating from eight brokerages: four buys, three holds and one strong buy. Recent actions included upgrades from Pareto Securities and Zacks Research.
• Shares opened at $19.23, compared with a 52-week range of $16.60 to $21.98. The company has a $42.79 billion market capitalization and trades at a P/E ratio of 24.34.
• Assa Abloy reported quarterly EPS of $0.21, matching expectations, while revenue of $4.07 billion was slightly below the $4.09 billion consensus estimate. Analysts forecast full-year EPS of $0.84.

Assa Abloy AB (OTCMKTS:ASAZY - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.

ASAZY has been the subject of several analyst reports. Evercore raised shares of Assa Abloy to a "hold" rating in a report on Monday, April 13th. Zacks Research upgraded Assa Abloy from a "strong sell" rating to a "hold" rating in a research report on Wednesday, June 10th. Pareto Securities raised Assa Abloy from a "hold" rating to a "buy" rating in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Assa Abloy in a report on Monday, July 20th. Finally, Barclays restated an "overweight" rating on shares of Assa Abloy in a research note on Monday, June 15th.

Assa Abloy Price Performance

Shares of OTCMKTS ASAZY opened at $19.23 on Thursday. The stock has a fifty day moving average price of $17.67 and a 200 day moving average price of $18.88. Assa Abloy has a 1-year low of $16.60 and a 1-year high of $21.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.63. The company has a market cap of $42.79 billion, a PE ratio of 24.34, a P/E/G ratio of 2.23 and a beta of 1.16.

Assa Abloy (OTCMKTS:ASAZY - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates of $0.21. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. Assa Abloy had a net margin of 10.82% and a return on equity of 15.56%. Sell-side analysts forecast that Assa Abloy will post 0.84 EPS for the current 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.

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