Jefferies Financial Group downgraded shares of ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Rating) from a buy rating to a hold rating in a research report report published on Friday, The Fly reports. Jefferies Financial Group also issued estimates for ASSA ABLOY AB (publ)’s FY2022 earnings at $0.58 EPS, FY2023 earnings at $0.64 EPS and FY2025 earnings at $0.71 EPS.
Several other research firms also recently weighed in on ASAZY. Sanford C. Bernstein downgraded ASSA ABLOY AB (publ) from an outperform rating to a market perform rating in a report on Monday, July 11th. Credit Suisse Group lifted their target price on ASSA ABLOY AB (publ) from SEK 275 to SEK 280 and gave the company an outperform rating in a research note on Wednesday, July 20th. Citigroup downgraded ASSA ABLOY AB (publ) from a buy rating to a neutral rating in a report on Friday, June 10th. Morgan Stanley increased their target price on ASSA ABLOY AB (publ) from SEK 261 to SEK 267 in a research note on Friday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of ASSA ABLOY AB (publ) from SEK 270 to SEK 260 and set a hold rating on the stock in a research report on Thursday, June 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, ASSA ABLOY AB (publ) has a consensus rating of Hold and an average price target of $279.50.
ASSA ABLOY AB (publ) Price Performance
Shares of ASAZY opened at $11.26 on Friday. The firm’s 50 day moving average price is $11.21 and its 200 day moving average price is $12.44. The company has a market cap of $25.04 billion, a P/E ratio of 21.44, a PEG ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 0.83, a current ratio of 1.26 and a debt-to-equity ratio of 0.27. ASSA ABLOY AB has a fifty-two week low of $10.28 and a fifty-two week high of $16.66.
ASSA ABLOY AB (publ) Company Profile
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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