Wells Fargo analyst Joe O'Dea maintains $Acuity Brands (AYI.US)$ with a hold rating, and maintains the target price at $320.
According to TipRanks data, the analyst has a success rate of 61.1% and a total average return of 9.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Acuity Brands (AYI.US)$'s main analysts recently are as follows:
While suppliers of non-residential buildings such as Acuity may not align with major industrial trends, they have experienced cyclical pressures and valuation compression, according to analysis provided to investors.
It is believed that initial 2025 guidance could lead to downward revisions in consensus estimates, primarily influenced by the recent strength of the dollar, which represents a significant challenge. The anticipated currency pressures are largely acknowledged and thus, any initial guidance falling below the consensus may not be surprising.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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