Acuity Brands, Inc. (AYI) Given Consensus Rating of “Hold” by Brokerages

Shares of Acuity Brands, Inc. (NYSE:AYI) have received an average recommendation of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $193.55.

Several brokerages have issued reports on AYI. Zacks Investment Research raised shares of Acuity Brands from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. JMP Securities upgraded shares of Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 target price on the stock in a research note on Tuesday, October 3rd. Seaport Global Securities restated a “buy” rating and issued a $200.00 target price (down previously from $225.00) on shares of Acuity Brands in a research note on Friday, October 6th. Wells Fargo & Company downgraded shares of Acuity Brands from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $225.00 to $185.00 in a research note on Friday, September 15th. Finally, Roth Capital set a $130.00 target price on shares of Acuity Brands and gave the company a “sell” rating in a research note on Thursday, October 5th.

Shares of Acuity Brands (NYSE:AYI) opened at $170.77 on Thursday. The stock has a market cap of $7,199.72, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The company has a quick ratio of 1.53, a current ratio of 2.07 and a debt-to-equity ratio of 0.21. Acuity Brands has a fifty-two week low of $153.28 and a fifty-two week high of $241.60.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.25. The firm had revenue of $957.60 million for the quarter, compared to analyst estimates of $975.05 million. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.21 EPS. equities research analysts forecast that Acuity Brands will post 8.63 earnings per share for the current fiscal year.

In other news, EVP Mark A. Black sold 7,441 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $161.32, for a total value of $1,200,382.12. Following the sale, the executive vice president now owns 30,649 shares in the company, valued at approximately $4,944,296.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in Acuity Brands by 661.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock worth $111,000 after buying an additional 476 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in Acuity Brands by 11.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock worth $119,000 after buying an additional 58 shares in the last quarter. QS Investors LLC lifted its position in Acuity Brands by 1.2% during the 2nd quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock worth $120,000 after buying an additional 7 shares in the last quarter. Israel Discount Bank of New York lifted its position in Acuity Brands by 32.3% during the 2nd quarter. Israel Discount Bank of New York now owns 615 shares of the electronics maker’s stock worth $125,000 after buying an additional 150 shares in the last quarter. Finally, First Bank & Trust lifted its position in Acuity Brands by 183.7% during the 3rd quarter. First Bank & Trust now owns 746 shares of the electronics maker’s stock worth $128,000 after buying an additional 483 shares in the last quarter.

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About Acuity Brands

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.

Analyst Recommendations for Acuity Brands (NYSE:AYI)

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