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A Quick Look at Today's Ratings for Acuity Brands(AYI.US), With a Forecast Between $305 to $370

Futu News ·  Oct 3 21:00  · Ratings

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:

StockTodayLatestRating_nn_201662_20241003_en

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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