ASSA ABLOY AB/S (OTCMKTS:ASAZY) Upgraded by Pareto Securities to Hold

Pareto Securities upgraded shares of ASSA ABLOY AB/S (OTCMKTS:ASAZY) from a sell rating to a hold rating in a research note published on Friday morning, The Fly reports.

ASAZY has been the topic of several other research reports. JPMorgan Chase & Co. lowered shares of ASSA ABLOY AB/S from an overweight rating to a neutral rating in a research report on Sunday, December 8th. Zacks Investment Research raised shares of ASSA ABLOY AB/S from a sell rating to a buy rating and set a $13.00 price objective on the stock in a research report on Tuesday, November 26th. Finally, UBS Group lowered shares of ASSA ABLOY AB/S from a buy rating to a neutral rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $13.00.

ASAZY traded up $0.01 during midday trading on Friday, hitting $11.70. 47,999 shares of the company’s stock traded hands, compared to its average volume of 66,016. The company has a market cap of $25.83 billion, a PE ratio of 24.89 and a beta of 0.89. The stock’s fifty day simple moving average is $11.77 and its 200-day simple moving average is $11.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.04 and a quick ratio of 0.65. ASSA ABLOY AB/S has a one year low of $8.32 and a one year high of $12.10.

ASSA ABLOY AB/S (OTCMKTS:ASAZY) last issued its quarterly earnings data on Friday, October 18th. The industrial products company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $2.51 billion for the quarter. ASSA ABLOY AB/S had a net margin of 10.91% and a return on equity of 18.21%. On average, research analysts expect 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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