After Oppenheimer and Robert W. Baird gave Acuity Brands (NYSE: AYI) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Rich Kwas maintained a Buy rating on Acuity Brands yesterday. The company’s shares closed yesterday at $135.01.
According to TipRanks.com, Kwas is a 4-star analyst with an average return of 11.4% and a 65.3% success rate. Kwas covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, BorgWarner, and Hubbell B.
Currently, the analyst consensus on Acuity Brands is a Moderate Buy with an average price target of $150.20, an 11.3% upside from current levels. In a report released yesterday, Cowen & Co. also maintained a Buy rating on the stock with a $180 price target.
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The company has a one-year high of $186.99 and a one-year low of $109.98. Currently, Acuity Brands has an average volume of 703.3K.
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Acuity Brands, Inc. provides lighting and building management solutions. It specializes in the design, production, and distribution of lighting and building management services for commercial, institutional, industrial, infrastructure, and residential applications for various markets throughout North America and selected international markets.
