Acuity Brands Inc. (AYI) Now Covered by Analysts at Deutsche Bank AG
Other research analysts have also issued research reports about the stock. Canaccord Genuity restated a buy rating and set a $286.00 target price (down from $305.00) on shares of Acuity Brands in a report on Friday, September 30th. Williams Capital began coverage on shares of Acuity Brands in a report on Friday, September 30th. They set a buy rating and a $306.00 target price on the stock. Robert W. Baird set a $272.00 target price on shares of Acuity Brands and gave the stock a buy rating in a report on Thursday, October 6th. Cowen and Company set a $285.00 target price on shares of Acuity Brands and gave the stock a buy rating in a report on Thursday, October 6th. Finally, Seaport Global Securities began coverage on shares of Acuity Brands in a report on Friday, November 4th. They set a buy rating and a $290.00 target price on the stock. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $278.38.
Shares of Acuity Brands (NYSE:AYI) opened at 254.00 on Tuesday. Acuity Brands has a 12 month low of $169.42 and a 12 month high of $280.89. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 38.31 and a beta of 1.34. The company’s 50-day moving average is $240.66 and its 200-day moving average is $255.39.
Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Wednesday, October 5th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.39 by $0.18. Acuity Brands had a return on equity of 20.99% and a net margin of 8.84%. The company had revenue of $925.50 million for the quarter. During the same quarter in the prior year, the company posted $1.63 earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis. On average, equities research analysts forecast that Acuity Brands will post $9.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Tuesday, October 18th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.21%. The ex-dividend date was Friday, October 14th. Acuity Brands’s payout ratio is presently 7.83%.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Acuity Brands by 21.0% in the second quarter. Vanguard Group Inc. now owns 3,830,254 shares of the company’s stock worth $949,749,000 after buying an additional 663,791 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Acuity Brands by 0.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,794,946 shares of the company’s stock valued at $739,543,000 after buying an additional 9,552 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Acuity Brands by 9.3% in the second quarter. JPMorgan Chase & Co. now owns 2,311,317 shares of the company’s stock valued at $573,116,000 after buying an additional 196,804 shares in the last quarter. State Street Corp raised its stake in shares of Acuity Brands by 13.2% in the second quarter. State Street Corp now owns 1,619,301 shares of the company’s stock valued at $401,529,000 after buying an additional 188,661 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in shares of Acuity Brands by 0.4% in the second quarter. Artisan Partners Limited Partnership now owns 1,340,361 shares of the company’s stock valued at $332,356,000 after buying an additional 5,525 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.
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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.
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