Brokerages Set Acuity Brands, Inc. (AYI) Price Target at $149.44

Shares of Acuity Brands, Inc. (NYSE:AYI) have earned an average rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $149.44.

AYI has been the topic of several recent analyst reports. Wells Fargo & Co reduced 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. Roth Capital set a $150.00 price objective on shares of Acuity Brands and gave the company a “sell” rating in a research note on Thursday, December 20th. Zacks Investment Research raised shares of Acuity Brands from a “sell” rating to a “hold” rating in a research note on Monday, January 14th. Credit Suisse Group reissued a “market perform” rating and set a $128.00 price objective (down previously from $135.00) on shares of Acuity Brands in a research note on Thursday, January 3rd. Finally, Oppenheimer reduced their price objective on shares of Acuity Brands from $170.00 to $166.00 in a research note on Friday, January 11th.

AYI stock opened at $128.19 on Tuesday. The company has a market capitalization of $5.15 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.39 and a beta of 1.57. Acuity Brands has a 12 month low of $103.48 and a 12 month high of $173.01. The company has a current ratio of 1.92, a quick ratio of 1.28 and a debt-to-equity ratio of 0.20.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Wednesday, January 9th. The electronics maker reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.30. The business 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 company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.94 earnings per share. Equities analysts anticipate that Acuity Brands will post 8.83 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 1st. Shareholders of record on Friday, January 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, January 17th. Acuity Brands’s dividend payout ratio is currently 6.33%.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. increased its position in shares of Acuity Brands by 2.7% in the fourth quarter. BlackRock Inc. now owns 4,157,697 shares of the electronics maker’s stock worth $477,928,000 after acquiring an additional 108,678 shares in the last quarter. FMR LLC grew its holdings in Acuity Brands by 10.7% during the 2nd quarter. FMR LLC now owns 2,397,045 shares of the electronics maker’s stock valued at $277,745,000 after purchasing an additional 231,932 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Acuity Brands by 14.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,503,901 shares of the electronics maker’s stock valued at $236,413,000 after purchasing an additional 194,259 shares in the last quarter. American Century Companies Inc. grew its holdings in Acuity Brands by 12.8% during the 3rd quarter. American Century Companies Inc. now owns 1,032,424 shares of the electronics maker’s stock valued at $162,297,000 after purchasing an additional 116,800 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Acuity Brands during the 3rd quarter valued at $92,750,000. 99.24% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Acuity Brands (NYSE:AYI)

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