In a report released today, Joseph Osha from JMP Securities maintained a Buy rating on Acuity Brands (NYSE: AYI), with a price target of $154. The company’s shares closed on Tuesday at $132.05.
Osha has an average return of 15.2% when recommending Acuity Brands.
According to TipRanks.com, Osha is ranked #1867 out of 4826 analysts.
Currently, the analyst consensus on Acuity Brands is a Moderate Buy with an average price target of $154, representing a 16.6% upside. In a report issued on July 3, Oppenheimer also assigned a Buy rating to the stock.
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Based on Acuity Brands’ latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $944 million and net profit of $73 million. In comparison, last year the company had a net profit of $82.2 million.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AYI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
