Acuity Brands, Inc. (AYI) Price Target Lowered to $275.00 at Deutsche Bank AG

Acuity Brands, Inc. (NYSE:AYI) had its price objective trimmed by Deutsche Bank AG from $280.00 to $275.00 in a research report report published on Tuesday morning. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $265.00 price target (down previously from $295.00) on shares of Acuity Brands in a research note on Wednesday, January 11th. Wells Fargo & Co reaffirmed an outperform rating on shares of Acuity Brands in a research note on Wednesday, January 11th. Robert W. Baird lowered Acuity Brands from an outperform rating to a neutral rating and dropped their price target for the stock from $272.00 to $265.00 in a research note on Tuesday, December 20th. Canaccord Genuity reaffirmed a buy rating and set a $240.00 price target on shares of Acuity Brands in a research note on Tuesday, January 10th. Finally, Zacks Investment Research lowered Acuity Brands from a hold rating to a sell rating in a research note on Friday, January 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $255.25.

Acuity Brands (NYSE:AYI) opened at 208.34 on Tuesday. Acuity Brands has a one year low of $193.06 and a one year high of $280.89. The firm has a market cap of $9.13 billion, a PE ratio of 30.11 and a beta of 1.33. The firm has a 50-day moving average price of $211.11 and a 200-day moving average price of $235.02.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Monday, January 9th. The company reported $2.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.16 by $0.16. Acuity Brands had a return on equity of 20.71% and a net margin of 8.93%. The firm had revenue of $821.20 million for the quarter. During the same period in the prior year, the business posted $1.65 earnings per share. The firm’s revenue was up 15.6% on a year-over-year basis. On average, equities analysts expect that Acuity Brands will post $8.74 EPS for the current fiscal year.

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In other news, Director Ray M. Robinson sold 1,100 shares of the business’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $206.19, for a total value of $226,809.00. Following the completion of the sale, the director now owns 1,307 shares of the company’s stock, valued at approximately $269,490.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in AYI. Assetmark Inc. raised its stake in 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 period. First Republic Investment Management Inc. raised its stake in Acuity Brands by 0.3% in the fourth quarter. First Republic Investment Management Inc. now owns 2,028 shares of the company’s stock worth $468,000 after buying an additional 7 shares during the period. IFP Advisors Inc raised its stake in Acuity Brands by 1.1% in the second quarter. IFP Advisors Inc now owns 929 shares of the company’s stock worth $230,000 after buying an additional 10 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Acuity Brands by 0.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,527 shares of the company’s stock worth $583,000 after buying an additional 20 shares during the period. Finally, Independent Portfolio Consultants Inc. raised its stake in Acuity Brands by 1.9% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,135 shares of the company’s stock worth $565,000 after buying an additional 40 shares during the period. 91.28% of the stock is owned by 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.

5 Day Chart for NYSE:AYI

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