ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Receives Consensus Rating of “Hold” from Analysts

Shares of ASSA ABLOY AB (publ) (OTCMKTS:ASAZYGet Rating) have received an average rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $271.40.

Several brokerages recently issued reports on ASAZY. Deutsche Bank Aktiengesellschaft dropped their price target on ASSA ABLOY AB (publ) from SEK 260 to SEK 250 in a research report on Tuesday, September 20th. Barclays boosted their price target on ASSA ABLOY AB (publ) from SEK 275 to SEK 280 in a research report on Friday, October 28th. Societe Generale cut ASSA ABLOY AB (publ) from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Credit Suisse Group dropped their price target on ASSA ABLOY AB (publ) from SEK 280 to SEK 275 in a research report on Friday, October 28th. Finally, Berenberg Bank cut ASSA ABLOY AB (publ) from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th.

ASSA ABLOY AB (publ) Stock Up 3.4 %

ASSA ABLOY AB (publ) stock opened at $11.68 on Friday. ASSA ABLOY AB has a fifty-two week low of $8.69 and a fifty-two week high of $15.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 1.26. The company has a market capitalization of $25.99 billion, a P/E ratio of 20.14, a PEG ratio of 1.51 and a beta of 0.95. The stock has a 50-day simple moving average of $10.01 and a 200-day simple moving average of $10.72.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZYGet Rating) last posted its earnings results on Wednesday, October 26th. The industrial products company reported $0.15 earnings per share for the quarter. ASSA ABLOY AB (publ) had a return on equity of 16.38% and a net margin of 11.12%. The business had revenue of $3.02 billion during the quarter. Equities research analysts expect that ASSA ABLOY AB will post 0.56 earnings per share for the current year.

ASSA ABLOY AB (publ) Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 12th. Shareholders of record on Tuesday, November 22nd will be given a dividend of $0.0627 per share. This represents a yield of 1.17%. The ex-dividend date is Monday, November 21st. ASSA ABLOY AB (publ)’s payout ratio is 22.41%.

About ASSA ABLOY AB (publ)

(Get Rating)

ASSA ABLOY AB (publ) provides door opening products, solutions, and services for the institutional, commercial, and residential 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, access control devices, and fire doors, as well as hardware products.

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Analyst Recommendations for ASSA ABLOY AB (publ) (OTCMKTS:ASAZY)

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