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

Key Points

• Assa Abloy has a consensus "Moderate Buy" from seven covering analysts (3 holds, 2 buys, 2 strong buys), with recent upgrades from Dnb Carnegie and Pareto and a downgrade from Zacks.
• In its latest quarter the company reported EPS of $0.21 (missed by $0.01) and revenue of $4.25B (below estimates); net margin was 9.74% and analysts expect ~0.85 EPS for the fiscal year.
• Shares opened at $20.11 with a market cap of $44.75B and a P/E of 27.18, trading near their 52‑week high of $21.98 (52‑week low $14.73).

Assa Abloy AB (OTCMKTS:ASAZY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company.

ASAZY has been the subject of several research reports. Citigroup reiterated a "buy" rating on shares of Assa Abloy in a report on Friday, February 6th. Dnb Carnegie upgraded Assa Abloy from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 2nd. Pareto Securities upgraded Assa Abloy from a "hold" rating to a "buy" rating in a report on Wednesday, April 8th. Evercore upgraded Assa Abloy to a "hold" rating in a report on Monday, April 13th. Finally, Zacks Research lowered Assa Abloy from a "strong-buy" rating to a "hold" rating in a report on Monday, February 9th.

Assa Abloy Stock Up 0.1%

Shares of Assa Abloy stock opened at $20.11 on Tuesday. The firm has a market cap of $44.75 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 2.28 and a beta of 1.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 0.63. Assa Abloy has a 52-week low of $14.73 and a 52-week high of $21.98. The stock has a 50-day simple moving average of $19.39 and a 200-day simple moving average of $19.37.

Assa Abloy (OTCMKTS:ASAZY - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.36 billion. Assa Abloy had a net margin of 9.74% and a return on equity of 14.78%. On average, equities research analysts expect that Assa Abloy will post 0.85 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.

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