William Blair analyst Ryan Merkel has maintained their bullish stance on AYI stock, giving a Buy rating on September 23.
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Ryan Merkel’s rating is based on Acuity Brands’ strong market position and financial performance. The company is showing resilience in the lighting market, with expectations of stable performance in the upcoming fiscal quarter. Acuity Brands is outperforming its peers due to reduced reliance on overseas sourcing and a leading product portfolio.
Furthermore, the company’s financial outlook is promising, with expected earnings per share growth and a price-to-earnings ratio that is favorable compared to industry peers. The strong balance sheet and projected earnings growth of 9%-10% in fiscal 2026 further support the Buy rating. These factors collectively indicate a positive future for Acuity Brands, justifying the recommendation.
According to TipRanks, Merkel is a 4-star analyst with an average return of 7.7% and a 57.34% success rate. Merkel covers the Industrials sector, focusing on stocks such as Fastenal Company, Trex Company, and SiteOne Landscape Supply.
In another report released on September 23, Morgan Stanley also maintained a Buy rating on the stock with a $365.00 price target.