Deutsche Bank Reiterates Hold Rating for ASSA ABLOY AB/S (OTCMKTS:ASAZY)

Deutsche Bank restated their hold rating on shares of ASSA ABLOY AB/S (OTCMKTS:ASAZY) in a report published on Monday, The Fly reports.

Several other research firms have also recently commented on ASAZY. Zacks Investment Research upgraded shares of ASSA ABLOY AB/S from a sell rating to a hold rating in a report on Thursday, March 12th. JPMorgan Chase & Co. cut shares of ASSA ABLOY AB/S from an overweight rating to a neutral rating in a report on Sunday, December 8th. Pareto Securities upgraded shares of ASSA ABLOY AB/S from a sell rating to a hold rating in a report on Friday, December 13th. Finally, DNB Markets upgraded shares of ASSA ABLOY AB/S from a hold rating to a buy rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $13.00.

OTCMKTS ASAZY opened at $9.12 on Monday. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.40. ASSA ABLOY AB/S has a 52 week low of $7.62 and a 52 week high of $12.61. The stock has a market capitalization of $18.21 billion, a PE ratio of 17.98 and a beta of 0.85. The firm has a 50 day moving average of $10.89 and a two-hundred day moving average of $11.43.

ASSA ABLOY AB/S (OTCMKTS:ASAZY) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.12 EPS for the quarter. ASSA ABLOY AB/S had a net margin of 10.63% and a return on equity of 17.59%. The company had revenue of $2.60 billion during the quarter. On average, equities research analysts expect that ASSA ABLOY AB/S will post 0.54 earnings per share for the current fiscal year.

ASSA ABLOY AB/S Company Profile

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.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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Analyst Recommendations for ASSA ABLOY AB/S (OTCMKTS:ASAZY)

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