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Acuity Brands (NYSE:AYI) was downgraded by equities researchers at Sidoti from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.

A number of other firms have also recently commented on AYI. Analysts at Zacks upgraded shares of Acuity Brands from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 15th. They now have a $133.70 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Acuity Brands from $109.00 to $119.00 in a research note on Friday, January 10th. They now have a “neutral” rating on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Acuity Brands from $100.00 to $128.00 in a research note on Friday, January 10th. They now have a “hold” rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $93.45.

Shares of Acuity Brands (NYSE:AYI) traded up 1.63% on Wednesday, hitting $139.56. The stock had a trading volume of 96,576 shares. Acuity Brands has a 52 week low of $65.99 and a 52 week high of $138.21. The stock’s 50-day moving average is $129.0 and its 200-day moving average is $105.. The company has a market cap of $5.945 billion and a price-to-earnings ratio of 40.74.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Thursday, January 9th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.12. The company had revenue of $574.70 million for the quarter, compared to the consensus estimate of $540.93 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Analysts expect that Acuity Brands will post $4.17 EPS for the current fiscal year.

Acuity Brands, Inc (NYSE:AYI), incorporated on September 20, 2007, is the parent company of Acuity Brands Lighting, Inc (ABL), and other subsidiaries.

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