On Oct 03, major Wall Street analysts update their ratings for $Acuity Brands (AYI.US)$, with price targets ranging from $305 to $370.
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 noted for its ongoing transformation of the shareholder value-creation proposition, which is enhancing its competitive edge in terms of sourcing, productivity, analytics, product vitality, and channel partnerships. The firm acknowledges the continued strength in gross margins and a slight sales advantage that contributed to a robust EPS outperformance, reinforcing confidence in the FY25 projections for EPS and sales growth.
Analysts note that Acuity Brands' results and guidance are generally in line with expectations. They observe that the forecast for revenue and margins by fiscal 2025 suggests a greater emphasis on performance in the second half of the year, particularly given that the comparisons for the first half appear to be easier.
The company is anticipated to have a strong setup leading into 2025, with agents and distributors engaged in building a substantial project funnel, although projects are not yet being released. Additionally, there is an expectation of improved margin potential, with medium-term targets for ABL margins increasing by +50-100 basis points per year.
Here are the latest investment ratings and price targets for $Acuity Brands (AYI.US)$ from 4 analysts:
Note:
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