Oppenheimer analyst Christopher Glynn maintained a Buy rating on Acuity Brands (NYSE: AYI) today. The company’s shares closed yesterday at $117.12, close to its 52-week low of $109.98.
According to TipRanks.com, Glynn is a 5-star analyst with an average return of 10.3% and a 65.9% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Acuity Brands with a $145 average price target.
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The company has a one-year high of $208.83 and a one-year low of $109.98. Currently, Acuity Brands has an average volume of 938.8K.
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.
