Recent Research Analysts’ Ratings Changes for Acuity Brands (AYI)

Several brokerages have updated their recommendations and price targets on shares of Acuity Brands (NYSE: AYI) in the last few weeks:

  • 4/5/2018 – Acuity Brands had its price target lowered by analysts at Oppenheimer Holdings from $175.00 to $155.00. They now have an “outperform” rating on the stock.
  • 4/5/2018 – Acuity Brands was upgraded by analysts at JMP Securities from a “market perform” rating to an “outperform” rating. They now have a $150.00 price target on the stock.
  • 4/5/2018 – Acuity Brands had its price target lowered by analysts at Wells Fargo from $157.00 to $140.00. They now have a “market perform” rating on the stock.
  • 4/5/2018 – Acuity Brands had its price target lowered by analysts at Williams Capital from $175.00 to $151.00. They now have a “hold” rating on the stock.
  • 4/4/2018 – Acuity Brands was given a new $190.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 4/2/2018 – Acuity Brands was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/2/2018 – Acuity Brands was given a new $105.00 price target on by analysts at Roth Capital. They now have a “sell” rating on the stock.
  • 3/28/2018 – Acuity Brands had its price target lowered by analysts at Wells Fargo from $175.00 to $157.00. They now have a “market perform” rating on the stock.
  • 3/22/2018 – Acuity Brands was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
  • 3/16/2018 – Acuity Brands had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $168.00 price target on the stock.
  • 3/13/2018 – Acuity Brands was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Acuity Brands lost 15.3% in the last six months, more than its industry's loss of 14.3%. Earnings estimates for the current quarter and the year have remained unchanged over the last 30 days, limiting upside potential for the stock. Acuity Brands operates in a highly competitive industry that is affected by volatility owing to a number of general business and economic factors. Higher spending on research and development of energy efficient lighting products dent margins and thereby the bottom line of the company. Gross profit margin in the fourth quarter decreased 80 basis points year over year owing to the lower-than-expected sales volume. Again, increased volatility, higher costs, reliance on one client and escalating interest/mortgage rates might weigh on the stock.”

Acuity Brands stock opened at $129.91 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.15 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5,457.81, a PE ratio of 16.32, a PEG ratio of 1.47 and a beta of 1.33. Acuity Brands, Inc. has a 1-year low of $119.02 and a 1-year high of $208.82.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Tuesday, January 9th. The electronics maker reported $1.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.16). Acuity Brands had a return on equity of 20.56% and a net margin of 9.68%. The company had revenue of $842.80 million during the quarter, compared to analysts’ expectations of $883.97 million. sell-side analysts predict that Acuity Brands, Inc. will post 7.99 earnings per share for the current year.



The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be issued a $0.13 dividend. The ex-dividend date is Monday, April 16th. This represents a $0.52 annualized dividend and a yield of 0.40%. Acuity Brands’s dividend payout ratio (DPR) is presently 6.53%.

Institutional investors and hedge funds have recently modified their holdings of the business. Robeco Institutional Asset Management B.V. purchased a new stake in Acuity Brands in the fourth quarter worth about $151,000. Shelton Capital Management purchased a new position in shares of Acuity Brands during the fourth quarter valued at approximately $201,000. Montag & Caldwell LLC purchased a new position in shares of Acuity Brands during the fourth quarter valued at approximately $212,000. Amica Retiree Medical Trust purchased a new position in shares of Acuity Brands during the fourth quarter valued at approximately $218,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Acuity Brands during the fourth quarter valued at approximately $219,000.

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 controls products and solutions, such as recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, landscape, and underwater lighting; area pedestrian, flood, and decorative site lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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