Acuity Brands (AYI) Gets a Buy Rating from Oppenheimer

Oppenheimer analyst Christopher Glynn maintained a Buy rating on Acuity Brands (AYIResearch Report) today. The company’s shares opened today at $128.34.

According to TipRanks.com, Glynn is a 5-star analyst with an average return of 6.5% and a 59.0% 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 Moderate Buy, with a price target consensus of $141, which is a 9.9% upside from current levels. In a report issued on March 26, Wells Fargo also maintained a Buy rating on the stock.

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The company has a one-year high of $173.01 and a one-year low of $103.48. Currently, Acuity Brands has an average volume of 404.2K.

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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.