Assa Abloy AB (OTCMKTS:ASAZY) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is moderately positive: Eight analysts give Assa Abloy an average “Moderate Buy” rating, with four buys, one strong buy and three holds.
• Recent coverage included an upgrade from Zacks Research to “hold,” while Royal Bank of Canada initiated an “outperform” rating; Barclays maintained “overweight” and Deutsche Bank reiterated “hold.”
• Assa Abloy reported quarterly EPS of $0.21, matching estimates, while revenue of $4.07 billion came slightly below the $4.09 billion consensus forecast. Shares opened at $18.50, with a market capitalization of about $41.18 billion.

Shares of Assa Abloy AB (OTCMKTS:ASAZY - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several research firms recently issued reports on ASAZY. Zacks Research upgraded Assa Abloy from a "strong sell" rating to a "hold" rating in a report on Wednesday, June 10th. Royal Bank Of Canada assumed coverage on shares of Assa Abloy in a research note on Tuesday, June 16th. They issued an "outperform" rating for the company. Barclays reiterated an "overweight" rating on shares of Assa Abloy in a report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Assa Abloy in a research note on Monday, July 20th.

Assa Abloy Price Performance

Shares of ASAZY opened at $18.50 on Monday. The firm has a 50-day simple moving average of $18.04 and a two-hundred day simple moving average of $18.65. The stock has a market cap of $41.18 billion, a PE ratio of 23.42, a P/E/G ratio of 2.16 and a beta of 1.16. Assa Abloy has a 1-year low of $16.71 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.

Assa Abloy (OTCMKTS:ASAZY - Get Free Report) last issued its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. Assa Abloy had a net margin of 10.82% and a return on equity of 15.56%. As a group, 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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