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Acuity Brands (AYI) Gets a Buy from Wells Fargo

Tipranks - Tipranks - Tue Feb 10, 4:50AM CST

In a report released on February 5, Joe O’Dea from Wells Fargo maintained a Buy rating on Acuity Brands, with a price target of $385.00. The company’s shares closed last Friday at $315.96.

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O’Dea covers the Industrials sector, focusing on stocks such as Dover, Honeywell International, and Parker Hannifin. According to TipRanks, O’Dea has an average return of 12.0% and a 63.04% success rate on recommended stocks.

Currently, the analyst consensus on Acuity Brands is a Strong Buy with an average price target of $401.25, representing a 26.99% upside. In a report released on January 24, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $343.00 price target.

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Based on Acuity Brands’ latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $1.14 billion and a net profit of $120.5 million. In comparison, last year the company earned a revenue of $951.6 million and had a net profit of $106.7 million

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