Acuity Brands Given Consensus Rating of “Hold” by Brokerages (NYSE:AYI)
Acuity Brands (NYSE:AYI) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, AnalystRatingsNetwork.com reports. Ten equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $126.89.
Several analysts have recently commented on the stock. Analysts at Sidoti upgraded shares of Acuity Brands from a “neutral” rating to a “buy” rating in a research note on Monday, April 7th. They now have a $172.00 price target on the stock, up previously from $148.00. Separately, analysts at UBS AG raised their price target on shares of Acuity Brands from $119.00 to $139.00 in a research note on Thursday, April 3rd. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity upgraded shares of Acuity Brands from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. They now have a $172.00 price target on the stock, up previously from $128.00.
Acuity Brands (NYSE:AYI) traded up 1.53% during mid-day trading on Wednesday, hitting $125.44. 26,692 shares of the company’s stock traded hands. Acuity Brands has a 1-year low of $69.01 and a 1-year high of $146.28. The stock’s 50-day moving average is $136.0 and its 200-day moving average is $117.. The company has a market cap of $5.369 billion and a P/E ratio of 34.81.
Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Wednesday, April 2nd. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.09. The company had revenue of $546.20 million for the quarter, compared to the consensus estimate of $553.95 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts predict that Acuity Brands will post $4.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 1st. Shareholders of record on Thursday, April 17th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Tuesday, April 15th.
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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