Acuity

AYI · NYSE

$311.02+$2.44 (+0.79%)TodayMarket closed · Oct 20, 6:30 PM ET

Prev close $308.58

AYI analyst rating

BuyConsensus of 6 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy3
Hold3
Underperform0
Sell0

12-month price target · 8 analysts

Average $398.74 (+28.2% upside)

Low: $361.58
Now: $311.02
High: $462.00

Upgrades and downgrades

The latest rating actions, newest first

AYI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Morgan Stanley	Oct 20, 2026	Maintains	Overweight	$410.00 → $380.00	68%
Oppenheimer	Oct 8, 2026	Maintains	Outperform	$440.00 → $415.00	68%
Baird	Oct 2, 2026	Maintains	Neutral	$360.00 → $348.00	50%
Baird	Sep 29, 2026	Maintains	Neutral	$390.00 → $360.00	50%
William Blair	Sep 28, 2026	Downgrade	Outperform → Market Perform	—	63%
Morgan Stanley	Jul 1, 2026	Maintains	Overweight	$400.00 → $410.00	68%
Goldman Sachs	Jun 26, 2026	Maintains	Neutral	$295.00 → $358.00	46%
Baird	Jun 26, 2026	Maintains	Neutral	$315.00 → $390.00	50%
Goldman Sachs	Apr 6, 2026	Maintains	Neutral	$342.00 → $295.00	46%
Baird	Apr 6, 2026	Maintains	Neutral	$320.00 → $315.00	50%

The case for and against

Updated Mar 20, 2025

Bull case

Acuity Brands demonstrated robust growth in its Intelligent Spaces Group (ISG), with sales increasing by 17%, driven by strong demand for building management systems, particularly in data centers and strategic projects like the Olympics Aquatics center in France. The Acuity Brands Lighting segment also showed a modest revenue increase of 1.1% year-over-year, while the overall gross margin improved to 47.3%, surpassing estimates and indicating enhanced operational efficiency. Furthermore, the company reported adjusted EPS of $3.97 for FY1Q25, reflecting an 8% increase compared to the previous quarter, and established a positive sales framework for FY25, projecting a revenue range of $3.9 to $4.1 billion, which supports an optimistic financial outlook.

Bear case

Acuity Brands's financial outlook appears negative due to a sequential contraction in gross margins and adjusted operating margins, alongside a significant decline in retail and corporate account sales. Moreover, while some segments like the Intelligent Spaces Group are expanding organically, the persistent weakness in commercial real estate and nonresidential construction poses a substantial risk to overall revenue growth. Furthermore, increased competitive pressures and the potential for new offerings only to attract niche demand may hinder broader market success.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.