Acuity Brands (NYSE:AYI)‘s stock had its “hold” rating reissued by research analysts at Robert W. Baird in a research report issued on Friday. They currently have a $168.00 target price on the electronics maker’s stock. Robert W. Baird’s target price suggests a potential upside of 11.52% from the company’s current price.
Several other equities analysts also recently weighed in on AYI. Zacks Investment Research downgraded shares of Acuity Brands from a “hold” rating to a “sell” rating in a report on Tuesday. Seaport Global Securities restated a “neutral” rating on shares of Acuity Brands in a report on Thursday, January 11th. Wells Fargo & Co restated a “market perform” rating and set a $175.00 target price (down from $185.00) on shares of Acuity Brands in a report on Wednesday, January 10th. Finally, Williams Capital downgraded shares of Acuity Brands from a “buy” rating to a “hold” rating and dropped their target price for the company from $204.00 to $175.00 in a report on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $193.92.
Shares of Acuity Brands (NYSE AYI) traded up $0.81 on Friday, hitting $150.65. 183,064 shares of the stock were exchanged, compared to its average volume of 801,372. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.23 and a quick ratio of 1.65. The stock has a market cap of $6,276.10, a P/E ratio of 20.68, a PEG ratio of 1.52 and a beta of 1.32. Acuity Brands has a 1-year low of $141.68 and a 1-year high of $210.00.
Several hedge funds and other institutional investors have recently modified their holdings of AYI. Wells Fargo & Company MN grew its holdings in shares of Acuity Brands by 645.9% during the fourth quarter. Wells Fargo & Company MN now owns 571,392 shares of the electronics maker’s stock worth $100,564,000 after buying an additional 494,788 shares in the last quarter. Generation Investment Management LLP grew its holdings in shares of Acuity Brands by 12.4% during the fourth quarter. Generation Investment Management LLP now owns 3,767,048 shares of the electronics maker’s stock worth $663,000,000 after buying an additional 415,908 shares in the last quarter. Carillon Tower Advisers Inc. purchased a new stake in shares of Acuity Brands during the fourth quarter worth about $68,182,000. Atlanta Capital Management Co. L L C grew its holdings in shares of Acuity Brands by 24.1% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 1,755,704 shares of the electronics maker’s stock worth $309,004,000 after buying an additional 341,244 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in shares of Acuity Brands by 34.3% during the third quarter. Alyeska Investment Group L.P. now owns 886,653 shares of the electronics maker’s stock worth $151,866,000 after buying an additional 226,605 shares in the last quarter.
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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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