Assa Abloy (OTCMKTS:ASAZY) Hits New 12-Month High - Still a Buy?

Key Points

• Assa Abloy shares reached a new 12-month high, trading at $18.25, after closing at $17.70, with a volume of 145,042 shares.
• Analysts have mixed ratings on the stock, with some upgrading it to "hold" while others downgraded it from "strong-buy", resulting in an average rating of "hold".
• The company's recent earnings report showed an EPS of $0.18, missing estimates, with revenue reported at $3.89 billion for the quarter.

Assa Abloy AB (OTCMKTS:ASAZY - Get Free Report)'s share price hit a new 52-week high during trading on Saturday . The stock traded as high as $18.25 and last traded at $18.19, with a volume of 145042 shares trading hands. The stock had previously closed at $17.70.

Analysts Set New Price Targets

ASAZY has been the topic of several research analyst reports. Pareto Securities lowered Assa Abloy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barclays upgraded Assa Abloy from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Assa Abloy currently has an average rating of "Hold".

Assa Abloy Stock Performance

The stock has a market cap of $40.48 billion, a P/E ratio of 26.75, a P/E/G ratio of 2.55 and a beta of 1.20. The company has a fifty day moving average price of $16.75 and a 200 day moving average price of $15.79. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.10 and a quick ratio of 0.68.

Assa Abloy (OTCMKTS:ASAZY - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The industrial products company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $38.05 billion. Assa Abloy had a net margin of 9.48% and a return on equity of 14.16%. On average, equities analysts expect that Assa Abloy AB will post 0.69 EPS for the current year.

About Assa Abloy

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.

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