Acuity Brands, Inc. (AYI) Given a $150.00 Price Target at Roth Capital

Roth Capital set a $150.00 target price on Acuity Brands, Inc. (NYSE:AYI) in a report published on Thursday morning. The firm currently has a sell rating on the electronics maker’s stock.

A number of other brokerages also recently weighed in on AYI. JMP Securities restated an underperform rating and set a $155.00 price objective (down previously from $185.00) on shares of Acuity Brands in a research report on Thursday, April 6th. Oppenheimer Holdings Inc. restated an outperform rating and set a $215.00 price objective (down previously from $265.00) on shares of Acuity Brands in a research report on Thursday, April 6th. Robert W. Baird lowered their price objective on shares of Acuity Brands from $242.00 to $200.00 and set an outperform rating on the stock in a research report on Thursday, April 6th. Deutsche Bank AG lowered their price objective on shares of Acuity Brands from $275.00 to $245.00 and set a buy rating on the stock in a research report on Wednesday, April 5th. Finally, Canaccord Genuity lowered their price objective on shares of Acuity Brands from $240.00 to $209.00 and set a buy rating on the stock in a research report on Wednesday, April 5th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $230.86.

Shares of Acuity Brands (NYSE:AYI) traded up 0.15% during mid-day trading on Thursday, reaching $177.65. The company’s stock had a trading volume of 615,010 shares. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 25.53 and a beta of 1.33. Acuity Brands has a 12 month low of $169.53 and a 12 month high of $280.89. The company’s 50-day moving average is $195.27 and its 200 day moving average is $222.33.



Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Tuesday, April 4th. The electronics maker reported $1.77 EPS for the quarter, missing the Zacks’ consensus estimate of $1.83 by $0.06. Acuity Brands had a net margin of 8.93% and a return on equity of 20.71%. The firm had revenue of $804.70 million for the quarter, compared to analysts’ expectations of $827.22 million. During the same quarter in the previous year, the company earned $1.80 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts anticipate that Acuity Brands will post $7.99 EPS for the current year.

TRADEMARK VIOLATION WARNING: This news story was first posted by Markets Daily and is the property of of Markets Daily. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.themarketsdaily.com/2017/04/21/acuity-brands-inc-ayi-given-a-150-00-price-target-at-roth-capital-updated.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, April 17th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, April 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.29%. Acuity Brands’s payout ratio is currently 7.50%.

In other Acuity Brands news, Director Ray M. Robinson sold 1,100 shares of Acuity Brands stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $206.19, for a total value of $226,809.00. Following the completion of the transaction, the director now directly owns 1,307 shares of the company’s stock, valued at approximately $269,490.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its position in Acuity Brands by 2.0% in the third quarter. Bank of Montreal Can now owns 121,386 shares of the electronics maker’s stock worth $32,120,000 after buying an additional 2,430 shares in the last quarter. 1st Global Advisors Inc. boosted its position in Acuity Brands by 167.6% in the third quarter. 1st Global Advisors Inc. now owns 3,594 shares of the electronics maker’s stock worth $951,000 after buying an additional 2,251 shares in the last quarter. Nationwide Fund Advisors boosted its position in Acuity Brands by 5.9% in the third quarter. Nationwide Fund Advisors now owns 144,706 shares of the electronics maker’s stock worth $38,289,000 after buying an additional 8,062 shares in the last quarter. Parkwood LLC purchased a new position in Acuity Brands during the third quarter worth approximately $280,000. Finally, Cue Financial Group Inc. boosted its position in Acuity Brands by 196.6% in the third quarter. Cue Financial Group Inc. now owns 3,025 shares of the electronics maker’s stock worth $800,000 after buying an additional 2,005 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:AYI

Receive News & Ratings for Acuity Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply