ASSA ABLOY AB/S (OTCMKTS:ASAZY) Receives Average Recommendation of “Hold” from Brokerages
by Renee Jackson
ASSA ABLOY AB/S (OTCMKTS:ASAZY) has received an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $13.00.
ASAZY has been the subject of a number of recent analyst reports. UBS Group lowered ASSA ABLOY AB/S from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. cut ASSA ABLOY AB/S from an “overweight” rating to a “neutral” rating in a research note on Sunday. Finally, Zacks Investment Research raised ASSA ABLOY AB/S from a “sell” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Tuesday, November 26th.
OTCMKTS:ASAZY opened at $12.02 on Monday. The firm has a market cap of $26.74 billion, a PE ratio of 25.57 and a beta of 0.89. ASSA ABLOY AB/S has a fifty-two week low of $8.32 and a fifty-two week high of $12.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.65 and a current ratio of 1.04. The business has a 50 day moving average price of $11.74 and a 200-day moving average price of $11.12.
ASSA ABLOY AB/S (OTCMKTS:ASAZY) last posted its quarterly earnings results on Friday, October 18th. The industrial products company reported $0.13 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.13. The company had revenue of $2.51 billion during the quarter. ASSA ABLOY AB/S had a net margin of 10.91% and a return on equity of 18.21%. Research analysts predict that ASSA ABLOY AB/S will post 0.46 EPS for the current year.
About ASSA ABLOY AB/S
ASSA ABLOY AB (publ) provides door opening products, solutions, and services for the institutional, commercial, and consumer markets in Europe, the Middle East, Africa, North and South America, Asia, and Oceania. The company offers mechanical and electromechanical locks, digital door locks, cylinders, door fittings, security doors, door frames, industrial high-security fencings and gates, and fire doors, as well as hardware products.
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