Oppenheimer Keeps a Buy Rating on Acuity Brands (AYI)

By Jason Carr

In a report released today, Christopher Glynn from Oppenheimer maintained a Buy rating on Acuity Brands (AYIResearch Report). The company’s shares opened today at $125.60.

According to TipRanks.com, Glynn is a 5-star analyst with an average return of 6.3% and a 54.8% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.

Acuity Brands has an analyst consensus of Hold, with a price target consensus of $125.67, implying a 0.1% upside from current levels. In a report issued on January 1, Wells Fargo also maintained a Buy rating on the stock with a $159 price target.

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Acuity Brands’ market cap is currently $4.82B and has a P/E ratio of 14.13. The company has a Price to Book ratio of 2.81.

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Acuity Brands, Inc. engages in the provision of lighting and building management solutions and services. It caters commercial, institutional, industrial, infrastructure, and residential applications for various markets.