On Oct 02, major Wall Street analysts update their ratings for $Acuity Brands (AYI.US)$, with price targets ranging from $305 to $370.
Goldman Sachs analyst Brian K. Lee maintains with a hold rating.
Wells Fargo analyst Joe O'Dea maintains with a hold rating, and maintains the target price at $305.
TD Cowen analyst Jeff Osborne maintains with a buy rating, and maintains the target price at $322.
Baird analyst Timothy Wojs maintains with a hold rating, and adjusts the target price from $280 to $318.
Oppenheimer analyst Christopher Glynn maintains with a buy rating, and maintains the target price at $370.
Furthermore, according to the comprehensive report, the opinions of $Acuity Brands (AYI.US)$'s main analysts recently are as follows:
The company is continuing to expand its competitive edge through improvements in sourcing, productivity, analytics, product innovation, and channel partnerships. A combination of sustained gross margin strength and slight sales increases has resulted in a robust earnings per share performance, reinforcing confidence in the financial outlook for an 8%/4% midpoint growth in EPS/sales by FY25.
Acuity Brands' recent outcomes and forecasts align closely with projections, although the guidance for revenue and margins towards fiscal year 2025 is expected to be more heavily skewed towards the second half than initially anticipated, especially considering the more lenient first-half comparisons.
The company is poised for a strong performance by 2025, as agents and distributors are actively engaged in building a project pipeline, although projects are not yet being released. Additionally, the medium-term projections for ABL margins indicate an improvement of +50-100 basis points per year, suggesting a higher margin potential than previously anticipated.
Here are the latest investment ratings and price targets for $Acuity Brands (AYI.US)$ from 5 analysts:
Note:
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