Assa Abloy (OTCMKTS:ASAZY) Upgraded to Strong-Buy at Dnb Carnegie

Dnb Carnegie upgraded shares of Assa Abloy (OTCMKTS:ASAZY) from a hold rating to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

A number of other research firms also recently weighed in on ASAZY. Barclays upgraded shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Citigroup reaffirmed a “buy” rating on shares of Assa Abloy in a report on Friday, February 6th. Finally, Zacks Research cut Assa Abloy from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Assa Abloy Trading Up 1.4%

ASAZY stock opened at $18.49 on Thursday. The firm has a fifty day moving average price of $19.83 and a 200 day moving average price of $19.08. Assa Abloy has a fifty-two week low of $12.76 and a fifty-two week high of $21.98. The firm has a market cap of $41.14 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.07 and a beta of 1.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.03.

Assa Abloy (OTCMKTS:ASAZY) last released its quarterly earnings results on Thursday, February 5th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Assa Abloy had a net margin of 9.74% and a return on equity of 14.78%. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Sell-side analysts anticipate that Assa Abloy will post 0.69 earnings per share for the current fiscal 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.