Wells Fargo analyst Joe O'Dea maintains $Acuity Brands (AYI.US)$ with a hold rating, and adjusts the target price from $330 to $320.
According to TipRanks data, the analyst has a success rate of 62.3% and a total average return of 10.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Acuity Brands (AYI.US)$'s main analysts recently are as follows:
While suppliers like Acuity in the non-residential building sector do not bring exposure to major Industrial mega-trends, they have already experienced pressures related to economic cycles and valuation compression.
Initial 2025 projections in the sector are anticipated to prompt downward revisions in consensus estimates. A significant factor in these challenges is the recent strength of the dollar. It's generally acknowledged that currency pressures are a known factor, thus any guidance figures falling below consensus should not be unexpected.
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.
