Acuity Brands Inc. (NYSE:AYI)‘s stock had its “buy” rating reiterated by Deutsche Bank AG in a report released on Monday. They presently have a $300.00 target price on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 16.49% from the company’s previous close.

Several other analysts have also issued reports on AYI. Roth Capital initiated coverage on shares of Acuity Brands in a research report on Thursday, August 25th. They set a “neutral” rating and a $275.00 price target on the stock. Zacks Investment Research lowered shares of Acuity Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, August 30th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $295.00 price target on shares of Acuity Brands in a research report on Friday, September 16th. Canaccord Genuity reiterated a “buy” rating and issued a $305.00 price objective on shares of Acuity Brands in a report on Friday, September 23rd. Finally, Williams Capital assumed coverage on shares of Acuity Brands in a report on Friday, September 30th. They issued a “buy” rating and a $306.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Acuity Brands currently has an average rating of “Buy” and a consensus price target of $278.67.

Analyst Recommendations for Acuity Brands (NYSE:AYI)

Shares of Acuity Brands (NYSE:AYI) opened at 256.81 on Monday. The company has a market capitalization of $11.13 billion, a PE ratio of 38.73 and a beta of 1.34. Acuity Brands has a one year low of $169.42 and a one year high of $280.89. The company’s 50-day moving average is $240.98 and its 200-day moving average is $255.45.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Wednesday, October 5th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.39 by $0.18. Acuity Brands had a return on equity of 20.99% and a net margin of 8.84%. The firm had revenue of $925.50 million for the quarter. During the same quarter in the prior year, the business earned $1.63 earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis. Equities analysts predict that Acuity Brands will post $9.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 18th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, October 14th. This represents a $0.52 dividend on an annualized basis and a yield of 0.20%. Acuity Brands’s payout ratio is 7.83%.

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A number of large investors have recently made changes to their positions in AYI. Bronfman E.L. Rothschild L.P. increased its stake in shares of Acuity Brands by 21.4% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 431 shares of the company’s stock worth $114,000 after buying an additional 76 shares during the last quarter. Assetmark Inc. increased its stake in shares of Acuity Brands by 1.2% in the third quarter. Assetmark Inc. now owns 432 shares of the company’s stock worth $114,000 after buying an additional 5 shares during the last quarter. Global X Management Co. LLC boosted its position in Acuity Brands by 127.1% in the third quarter. Global X Management Co. LLC now owns 461 shares of the company’s stock worth $122,000 after buying an additional 258 shares during the period. Virtus Investment Advisers Inc. bought a new position in Acuity Brands during the third quarter worth approximately $125,000. Finally, Meeder Asset Management Inc. bought a new position in Acuity Brands during the second quarter worth approximately $153,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Acuity Brands Company Profile

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

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