Acuity Brands (AYI) Receives a Buy from Wells Fargo


In a report released today, Rich Kwas from Wells Fargo maintained a Buy rating on Acuity Brands (AYI). The company’s shares closed yesterday at $118.48.

According to TipRanks.com, Kwas is a 4-star analyst with an average return of 5.0% and a 51.5% success rate. Kwas covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Lennox International, and Magna International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Acuity Brands with a $146.29 average price target.

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Acuity Brands’ market cap is currently $4.72B and has a P/E ratio of 13.44. The company has a Price to Book ratio of 2.70.

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Acuity Brands, Inc. engages in the provision of lighting and building management solutions and services. It caters commercial, institutional, industrial, infrastructure, and residential applications for various markets.

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