ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Rating)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as $8.94 and last traded at $9.02, with a volume of 858425 shares changing hands. The stock had previously closed at $9.10.
Analysts Set New Price Targets
ASAZY has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on ASSA ABLOY AB (publ) from SEK 261 to SEK 267 in a report on Friday, July 22nd. Jefferies Financial Group lowered shares of ASSA ABLOY AB (publ) from a "buy" rating to a "hold" rating in a report on Friday, August 5th. Credit Suisse Group lifted their price objective on shares of ASSA ABLOY AB (publ) from SEK 275 to SEK 280 and gave the stock an "outperform" rating in a report on Wednesday, July 20th. Barclays reduced their target price on ASSA ABLOY AB (publ) from SEK 330 to SEK 280 and set an "overweight" rating on the stock in a research note on Thursday, July 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on ASSA ABLOY AB (publ) from SEK 260 to SEK 250 in a report on Tuesday, September 20th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $277.83.
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The company has a market cap of $21.03 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. The business has a 50 day moving average price of $10.59 and a two-hundred day moving average price of $11.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 1.26.
ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Rating) last announced its quarterly earnings data on Tuesday, July 19th. The industrial products company reported $0.14 earnings per share for the quarter. ASSA ABLOY AB (publ) had a return on equity of 15.72% and a net margin of 10.84%. The firm had revenue of $3 billion during the quarter. On average, sell-side analysts anticipate that ASSA ABLOY AB will post 0.55 earnings per share for the current year.About ASSA ABLOY AB (publ)
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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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