Oppenheimer analyst Christopher Glynn maintained a Buy rating on Acuity Brands (NYSE:AYI) Inc on Wednesday, setting a price target of $135, which is approximately 25.05% above the present share price of $107.96.
Glynn expects Acuity Brands Inc to post earnings per share (EPS) of $1.88 for the fourth quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Acuity Brands, with an average price target of $115.67.
The analysts price targets range from a high of $135 to a low of $91.
In its latest earnings report, released on 08/31/2020, the company reported a quarterly revenue of $891.2 million and a net profit of $114.1 million. The company's market cap is $4.04 billion.
According to TipRanks.com, Oppenheimer analyst Christopher Glynn is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 11.8% and a 63.91% success rate.
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. It offers luminaires, lighting controls, controllers for various building systems, power supplies, prismatic skylights, and drivers, as well as integrated systems for various indoor and outdoor applications. The company was founded in 2001 and is headquartered in Atlanta, GA.