Acuity Brands (NYSE:AYI) was upgraded by research analysts at Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research note issued on Wednesday, The Fly reports.
Several other equities analysts have also recently weighed in on AYI. Oppenheimer lowered their price objective on shares of Acuity Brands from $170.00 to $166.00 in a research note on Friday, January 11th. Zacks Investment Research cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Roth Capital set a $90.00 price objective on shares of Acuity Brands and gave the stock a “sell” rating in a research note on Friday, January 4th. Credit Suisse Group reiterated a “market perform” rating and issued a $128.00 price objective (down previously from $135.00) on shares of Acuity Brands in a research note on Thursday, January 3rd. Finally, Wells Fargo & Co lowered their price objective on shares of Acuity Brands from $161.00 to $159.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $151.67.
Shares of NYSE AYI traded down $5.50 during trading on Wednesday, reaching $123.02. 573,654 shares of the company traded hands, compared to its average volume of 397,729. The company has a quick ratio of 1.28, a current ratio of 1.92 and a debt-to-equity ratio of 0.20. The company has a market cap of $5.07 billion, a PE ratio of 14.97, a PEG ratio of 1.41 and a beta of 1.56. Acuity Brands has a 52-week low of $103.48 and a 52-week high of $173.01.
Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Wednesday, January 9th. The electronics maker reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.30. The firm had revenue of $932.60 million for the quarter, compared to the consensus estimate of $920.39 million. Acuity Brands had a net margin of 9.49% and a return on equity of 20.88%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 EPS. As a group, equities research analysts anticipate that Acuity Brands will post 8.83 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Shine Investment Advisory Services Inc. bought a new position in shares of Acuity Brands in the 4th quarter worth approximately $33,000. SRS Capital Advisors Inc. raised its stake in Acuity Brands by 183.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 374 shares of the electronics maker’s stock worth $43,000 after acquiring an additional 242 shares during the period. Commonwealth Bank of Australia raised its stake in Acuity Brands by 29.2% during the 4th quarter. Commonwealth Bank of Australia now owns 442 shares of the electronics maker’s stock worth $50,000 after acquiring an additional 100 shares during the period. Acadian Asset Management LLC bought a new stake in Acuity Brands during the 4th quarter worth approximately $64,000. Finally, Rehmann Capital Advisory Group raised its stake in Acuity Brands by 141.4% during the 4th quarter. Rehmann Capital Advisory Group now owns 618 shares of the electronics maker’s stock worth $71,000 after acquiring an additional 362 shares during the period. Hedge funds and other institutional investors own 92.61% of the company’s stock.
Acuity Brands Company Profile
Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.
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