Shares of Acuity Brands, Inc. (NYSE:AYI) have earned a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $192.18.
Several research analysts have weighed in on AYI shares. Zacks Investment Research upgraded Acuity Brands from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Robert W. Baird reiterated a “hold” rating and issued a $198.00 price target on shares of Acuity Brands in a report on Tuesday, January 9th. Williams Capital downgraded Acuity Brands from a “buy” rating to a “hold” rating and cut their price target for the company from $204.00 to $175.00 in a report on Wednesday, January 10th. Wells Fargo & Co reiterated a “market perform” rating and issued a $175.00 price target (down from $185.00) on shares of Acuity Brands in a report on Wednesday, January 10th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Acuity Brands in a report on Thursday, January 11th.
Shares of Acuity Brands (NYSE AYI) traded down $0.98 during trading on Tuesday, hitting $150.78. The company had a trading volume of 177,725 shares, compared to its average volume of 849,799. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.23 and a quick ratio of 1.65. Acuity Brands has a 1 year low of $141.68 and a 1 year high of $212.42. The firm has a market cap of $6,360.00, a P/E ratio of 20.73, a P/E/G ratio of 1.50 and a beta of 1.31.
Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Tuesday, January 9th. The electronics maker reported $1.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.16). Acuity Brands had a return on equity of 20.08% and a net margin of 8.91%. The company had revenue of $842.80 million for the quarter, compared to analyst estimates of $883.97 million. equities research analysts expect that Acuity Brands will post 8.91 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. Generation Investment Management LLP boosted its position in Acuity Brands by 12.4% during the 4th quarter. Generation Investment Management LLP now owns 3,767,048 shares of the electronics maker’s stock worth $663,000,000 after purchasing an additional 415,908 shares during the period. Atlanta Capital Management Co. L L C boosted its position in Acuity Brands by 24.1% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 1,755,704 shares of the electronics maker’s stock worth $309,004,000 after purchasing an additional 341,244 shares during the period. Standard Life Aberdeen plc boosted its position in Acuity Brands by 14.4% during the 4th quarter. Standard Life Aberdeen plc now owns 1,565,088 shares of the electronics maker’s stock worth $275,479,000 after purchasing an additional 196,874 shares during the period. Alyeska Investment Group L.P. boosted its position in Acuity Brands by 34.3% in the 3rd quarter. Alyeska Investment Group L.P. now owns 886,653 shares of the electronics maker’s stock valued at $151,866,000 after buying an additional 226,605 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Acuity Brands by 3.4% in the 4th quarter. American Century Companies Inc. now owns 805,320 shares of the electronics maker’s stock valued at $141,736,000 after buying an additional 26,130 shares during the last quarter.
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.
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