Acuity Brands (AYI) Received its Third Buy in a Row


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 upgraded Acuity Brands to Buy yesterday. The company’s shares closed yesterday at $161.13.

According to TipRanks.com, Kwas is a 4-star analyst with an average return of 12.3% and a 68.5% success rate. Kwas covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, BorgWarner, and Hubbell B.

Acuity Brands has an analyst consensus of Moderate Buy, with a price target consensus of $148.20, a -8.0% downside from current levels. In a report issued on September 7, Robert W. Baird also upgraded the stock to Buy with a $185 price target.

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Acuity Brands’ market cap is currently $6.3B and has a P/E ratio of 20.19. The company has a Price to Book ratio of 4.02.

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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.

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