Acuity Brands, Inc. (NYSE:AYI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Acuity Brands, Inc. (NYSE:AYIGet Rating) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $205.43.

A number of research analysts have recently issued reports on AYI shares. Oppenheimer restated an “outperform” rating and issued a $210.00 price target on shares of Acuity Brands in a research report on Tuesday, August 30th. Cowen dropped their price target on shares of Acuity Brands from $225.00 to $208.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 5th. Robert W. Baird boosted their price target on shares of Acuity Brands from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 5th. Cowen dropped their price target on shares of Acuity Brands from $225.00 to $208.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 5th. Finally, Wells Fargo & Company boosted their target price on shares of Acuity Brands from $181.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday, October 5th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AYI. Cooke & Bieler LP raised its holdings in Acuity Brands by 129.3% during the second quarter. Cooke & Bieler LP now owns 567,839 shares of the electronics maker’s stock worth $87,470,000 after buying an additional 320,225 shares during the last quarter. Balyasny Asset Management LLC grew its stake in shares of Acuity Brands by 2,234.6% in the 3rd quarter. Balyasny Asset Management LLC now owns 241,024 shares of the electronics maker’s stock worth $37,954,000 after acquiring an additional 230,700 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Acuity Brands by 19.3% in the 1st quarter. Wellington Management Group LLP now owns 1,208,990 shares of the electronics maker’s stock worth $228,862,000 after acquiring an additional 195,515 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in shares of Acuity Brands in the 2nd quarter worth $24,093,000. Finally, Renaissance Technologies LLC grew its stake in shares of Acuity Brands by 149.7% in the 2nd quarter. Renaissance Technologies LLC now owns 134,600 shares of the electronics maker’s stock worth $20,734,000 after acquiring an additional 80,700 shares in the last quarter. Institutional investors and hedge funds own 94.70% of the company’s stock.

Acuity Brands Trading Down 0.7 %

AYI opened at $190.64 on Friday. Acuity Brands has a fifty-two week low of $142.71 and a fifty-two week high of $220.97. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.00 and a quick ratio of 1.34. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.54 and a beta of 1.54. The company’s 50 day moving average price is $174.12 and its two-hundred day moving average price is $170.79.

Acuity Brands (NYSE:AYIGet Rating) last issued its quarterly earnings results on Tuesday, October 4th. The electronics maker reported $3.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.34. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. Acuity Brands had a net margin of 9.59% and a return on equity of 20.76%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.05 EPS. As a group, research analysts predict that Acuity Brands will post 12.47 earnings per share for the current year.

Acuity Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Monday, October 17th were given a dividend of $0.13 per share. The ex-dividend date was Friday, October 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.27%. Acuity Brands’s payout ratio is presently 4.67%.

About Acuity Brands

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Acuity Brands, Inc provides lighting and building management solutions in North America and internationally. The company operates through two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Sunoptics, eldoLED, nLight, Sensor Switch, IOTA, A-Light, Cyclone, Eureka, Lumniaire LED, Luminis, Dark to Light, RELOC Wiring Solutions, and OPTOTRONIC brands.

Further Reading

Analyst Recommendations for Acuity Brands (NYSE:AYI)

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