Wells Fargo Remains a Buy on Acuity Brands (AYI)

In a report released yesterday, Rich Kwas from Wells Fargo maintained a Buy rating on Acuity Brands (AYIResearch Report). The company’s shares closed last Monday at $114.97.

According to TipRanks.com, Kwas is ranked #618 out of 5539 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Acuity Brands with a $154.00 average price target, which is a 44.7% upside from current levels. In a report issued on September 19, Credit Suisse also reiterated a Buy rating on the stock with a $154.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $148.48 and a one-year low of $103.48. Currently, Acuity Brands has an average volume of 428K.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AYI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.