Acuity Brands Inc (AYI) Receives Consensus Rating of “Buy” from Analysts
Shares of Acuity Brands Inc (NYSE:AYI) have been given a consensus recommendation of “Buy” by the sixteen ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $221.27.
AYI has been the topic of several research analyst reports. Zacks Investment Research raised Acuity Brands from a “sell” rating to a “hold” rating in a research note on Monday, March 6th. Deutsche Bank AG decreased their price target on Acuity Brands from $280.00 to $275.00 and set a “buy” rating on the stock in a research note on Tuesday, March 14th. Roth Capital set a $150.00 price target on Acuity Brands and gave the stock a “sell” rating in a research note on Wednesday, March 22nd. Canaccord Genuity reissued a “buy” rating on shares of Acuity Brands in a research note on Tuesday, March 28th. Finally, Goldman Sachs Group, Inc. (The) lowered Acuity Brands from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $256.00 to $186.00 in a research note on Wednesday, April 5th.
Shares of Acuity Brands (AYI) traded down 0.54% during trading on Tuesday, reaching $175.61. The company’s stock had a trading volume of 177,400 shares. The firm has a market capitalization of $7.69 billion, a P/E ratio of 25.23 and a beta of 1.37. The company has a 50 day moving average price of $175.02 and a 200 day moving average price of $201.10. Acuity Brands has a 52 week low of $157.33 and a 52 week high of $280.89.
Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Tuesday, April 4th. The electronics maker reported $1.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.83 by $0.06. The firm had revenue of $804.70 million for the quarter, compared to analysts’ expectations of $827.22 million. Acuity Brands had a return on equity of 19.62% and a net margin of 8.91%. Acuity Brands’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.80 EPS. On average, equities research analysts expect that Acuity Brands will post $8.03 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Integrated Investment Consultants LLC raised its stake in Acuity Brands by 58.1% in the first quarter. Integrated Investment Consultants LLC now owns 558 shares of the electronics maker’s stock worth $114,000 after buying an additional 205 shares during the last quarter. WFG Advisors LP raised its stake in Acuity Brands by 2,896.3% in the fourth quarter. WFG Advisors LP now owns 809 shares of the electronics maker’s stock worth $123,000 after buying an additional 782 shares during the last quarter. Van ECK Associates Corp raised its stake in Acuity Brands by 7.7% in the first quarter. Van ECK Associates Corp now owns 614 shares of the electronics maker’s stock worth $125,000 after buying an additional 44 shares during the last quarter. Capital Analysts LLC raised its stake in Acuity Brands by 3.8% in the first quarter. Capital Analysts LLC now owns 680 shares of the electronics maker’s stock worth $139,000 after buying an additional 25 shares during the last quarter. Finally, Global X Management Co. LLC raised its stake in Acuity Brands by 204.1% in the first quarter. Global X Management Co. LLC now owns 745 shares of the electronics maker’s stock worth $152,000 after buying an additional 500 shares during the last quarter. 95.15% of the stock is currently owned by hedge funds and other institutional investors.
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Acuity Brands Company Profile
Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.
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