Key Highlights:
- Assa Abloy (ASAZY, Financial) broadens its presence in the U.S. market through a strategic acquisition.
- Analyst projections suggest a significant potential upside for Assa Abloy's stock price.
- The investment community maintains a strong "Buy" recommendation for ASAZY.
Assa Abloy (ASAZY) continues to strengthen its position in the U.S. market by acquiring Pedestal PRO, a Utah-based company specializing in access control solutions. Established in 2002, Pedestal PRO recorded sales of around $11 million in 2024. This acquisition is anticipated to positively impact Assa Abloy's earnings per share from the beginning.
Wall Street Analysts Forecast
Assa Abloy AB (ASAZY, Financial) presents a promising investment opportunity, with analysts projecting a one-year average price target of $18.50. The forecasted range remains consistent, with both the high and low estimates at $18.50, representing an impressive upside of 30.02% from the current price of $14.23. Investors seeking detailed forecast information can visit the Assa Abloy AB (ASAZY) Forecast page.
The consensus from one brokerage firm classifies Assa Abloy AB (ASAZY, Financial) with an average recommendation score of 1.0, translating to a "Buy" status. This rating system operates on a scale of 1 to 5, where a score of 1 indicates a Strong Buy, and 5 designates a Sell. With such a robust recommendation, Assa Abloy appears to be a compelling choice for investors seeking growth potential in the current market.
