Acuity Brands Given New $72.00 Price Target at Oppenheimer (AYI)
Acuity Brands opened at 67.25 on Friday. Acuity Brands has a 1-year low of $48.11 and a 1-year high of $73.48. The stock’s 50-day moving average is currently $69.6. The company has a market cap of $2.811 billion and a price-to-earnings ratio of 25.57.
Several other analysts have also recently commented on the stock. Analysts at Northland Capital initiated coverage on shares of Acuity Brands in a research note to investors on Friday. They set a market perform rating and a $71.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Acuity Brands from an underperform rating to a neutral rating in a research note to investors on Wednesday, February 13th. They now have a $71.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Acuity Brands from a neutral rating to an underperform rating in a research note to investors on Tuesday, January 15th. They now have a $64.10 price target on the stock.
Four investment analysts have rated the stock with a buy rating, one has issued an overweight rating, seven have issued a hold rating, and two have assigned a sell rating to the company’s stock. The stock presently has an average rating of hold and an average price target of $65.23.
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