Goldman Sachs Group upgraded shares of Acuity Brands (NYSE:AYI) from a sell rating to a neutral rating in a research report released on Wednesday morning, The Fly reports.

A number of other analysts have also issued reports on the stock. Oppenheimer dropped their price target on shares of Acuity Brands from $170.00 to $166.00 in a research note on Friday, January 11th. Zacks Investment Research raised shares of Acuity Brands from a sell rating to a hold rating in a report on Monday, January 14th. Credit Suisse Group reaffirmed a market perform rating and issued a $128.00 price objective (down previously from $135.00) on shares of Acuity Brands in a report on Thursday, January 3rd. Wells Fargo & Co decreased their price objective on shares of Acuity Brands from $161.00 to $159.00 and set an outperform rating for the company in a report on Wednesday, January 2nd. Finally, Roth Capital set a $90.00 price objective on shares of Acuity Brands and gave the stock a sell rating in a report on Friday, January 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Acuity Brands currently has a consensus rating of Hold and an average target price of $151.67.

AYI opened at $124.53 on Wednesday. The company has a market cap of $5.15 billion, a PE ratio of 15.15, a PEG ratio of 1.40 and a beta of 1.56. Acuity Brands has a 52-week low of $103.48 and a 52-week high of $173.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.28 and a current ratio of 1.92.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings data on Wednesday, January 9th. The electronics maker reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.30. The company had revenue of $932.60 million for the quarter, compared to analyst estimates of $920.39 million. Acuity Brands had a net margin of 9.49% and a return on equity of 20.88%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 earnings per share. Equities research analysts predict that Acuity Brands will post 8.72 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in AYI. Vaughan Nelson Investment Management L.P. acquired a new stake in Acuity Brands in the third quarter worth about $92,750,000. Norges Bank acquired a new stake in Acuity Brands in the fourth quarter worth about $55,635,000. Panagora Asset Management Inc. lifted its holdings in Acuity Brands by 152.5% in the third quarter. Panagora Asset Management Inc. now owns 585,742 shares of the electronics maker’s stock worth $92,079,000 after purchasing an additional 353,786 shares during the period. Alecta Pensionsforsakring Omsesidigt lifted its holdings in Acuity Brands by 100.0% in the fourth quarter. Alecta Pensionsforsakring Omsesidigt now owns 400,000 shares of the electronics maker’s stock worth $45,612,000 after purchasing an additional 200,000 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Acuity Brands by 14.8% in the third quarter. JPMorgan Chase & Co. now owns 1,503,901 shares of the electronics maker’s stock worth $236,413,000 after purchasing an additional 194,259 shares during the period. 92.61% of the stock is 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.

Recommended Story: Dow Jones Industrial Average (DJIA)

The Fly

Analyst Recommendations for Acuity Brands (NYSE:AYI)

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