Acuity Brands’ (AYI) “Outperform” Rating Reaffirmed at Robert W. Baird

Robert W. Baird restated their outperform rating on shares of Acuity Brands Inc (NYSE:AYI) in a research note released on Monday. The brokerage currently has a $206.00 target price on the electronics maker’s stock, down from their prior target price of $210.00.

A number of other research firms also recently commented on AYI. Oppenheimer Holdings, Inc. restated an outperform rating and set a $215.00 price target (down from $265.00) on shares of Acuity Brands in a research report on Thursday, April 6th. Wells Fargo & Co restated an outperform rating and set a $200.00 price target (up from $196.00) on shares of Acuity Brands in a research report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Acuity Brands from a sell rating to a hold rating in a research report on Tuesday, March 14th. Canaccord Genuity dropped their price target 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. Finally, Roth Capital set a $150.00 price target on shares of Acuity Brands and gave the stock a sell rating in a research report on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. Acuity Brands has a consensus rating of Buy and a consensus target price of $221.60.

Acuity Brands (NYSE AYI) traded down 0.81% on Monday, reaching $176.87. 140,600 shares of the company traded hands. The company has a market capitalization of $7.75 billion, a P/E ratio of 25.42 and a beta of 1.37. Acuity Brands has a 12 month low of $157.33 and a 12 month high of $280.89. The company has a 50-day moving average price of $175.02 and a 200-day moving average price of $201.65.

Acuity Brands (NYSE:AYI) last released its quarterly earnings results on Tuesday, April 4th. The electronics maker reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by $0.06. Acuity Brands had a return on equity of 19.62% and a net margin of 8.91%. The company had revenue of $804.70 million for the quarter, compared to the consensus estimate of $827.22 million. During the same quarter last year, the firm posted $1.80 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts expect that Acuity Brands will post $8.03 EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in AYI. Integrated Investment Consultants LLC increased its position in shares of Acuity Brands by 58.1% in the first quarter. Integrated Investment Consultants LLC now owns 558 shares of the electronics maker’s stock worth $114,000 after buying an additional 205 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Acuity Brands by 8.0% in the fourth quarter. Van ECK Associates Corp now owns 570 shares of the electronics maker’s stock worth $132,000 after buying an additional 42 shares during the last quarter. Capital Analysts LLC increased its position in shares of Acuity Brands by 3.8% in the first quarter. Capital Analysts LLC now owns 680 shares of the electronics maker’s stock worth $139,000 after buying an additional 25 shares during the last quarter. Global X Management Co. LLC increased its position in shares of Acuity Brands by 204.1% in the first quarter. Global X Management Co. LLC now owns 745 shares of the electronics maker’s stock worth $152,000 after buying an additional 500 shares during the last quarter. Finally, WFG Advisors LP increased its position in shares of Acuity Brands by 2,896.3% in the fourth quarter. WFG Advisors LP now owns 809 shares of the electronics maker’s stock worth $123,000 after buying an additional 782 shares during the last quarter. 95.15% of the stock is currently owned by hedge funds and other institutional investors.

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.

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