Assa Abloy (OTCMKTS:ASAZY) Reaches New 12-Month High - Still a Buy?

Assa Abloy AB (OTCMKTS:ASAZY - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $19.36 and last traded at $19.31, with a volume of 115508 shares trading hands. The stock had previously closed at $19.22.Analysts Set New Price TargetsA number of equities analysts have recently weighed in on the stock. Barclays raised shares of Assa Abloy from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 21st. Citigroup upgraded shares of Assa Abloy from a "neutral" rating to a "buy" rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Assa Abloy presently has a consensus rating of "Hold".View Our Latest Report on ASAZYAssa Abloy Trading Up 0.5%The company has a market cap of $42.97 billion, a P/E ratio of 27.20, a PEG ratio of 2.73 and a beta of 1.22. The company has a current ratio of 1.10, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average price of $17.80 and a 200-day moving average price of $16.49. Assa Abloy (OTCMKTS:ASAZY - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.95 billion. Assa Abloy had a net margin of 9.57% and a return on equity of 14.54%. Analysts forecast that Assa Abloy AB will post 0.69 earnings per share for the current fiscal year. About Assa Abloy (Get Free Report)ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.Recommended StoriesFive stocks we like better than Assa AbloyHigh Flyers: 3 Natural Gas Stocks for March 2022AI Demand Fuels Bullish Western Digital ForecastsHow to Short Nasdaq: An Easy-to-Follow GuideGrowth Picks: 3 Low-Cost Stocks That Could Double in ValueLow PE Growth Stocks: Unlocking Investment OpportunitiesAre These 3 Beaten-Down Stocks Ready to Rebound?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Assa Abloy Right Now?Before you consider Assa Abloy, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Assa Abloy wasn't on the list.While Assa Abloy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here