Acuity Brands (NYSE:AYI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Acuity Brands is a leading player in the North American nonresidential lighting fixture market, courtesy of its Lithonia brand. The company is focused on capitalizing opportunities by continuously expanding and leveraging on its lighting and building management solutions. Also, the company’s extensive market presence and financial strength are major positives. The company expects the North American lighting market to return to growth in fiscal 2018. However, Acuity Brands operates in a highly competitive industry that is affected by volatility owing to a number of general business and economic factors. Higher spending on research and development of energy efficient lighting products may dent margins and thereby the bottom line of the company. Meanwhile, shares of Acuity Brands lost 24.8% so far this year.”

Other equities analysts also recently issued research reports about the stock. Robert W. Baird downgraded shares of Acuity Brands from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $212.00 to $178.00 in a research note on Tuesday, September 19th. Seaport Global Securities reaffirmed a “buy” rating and set a $200.00 price target (down previously from $225.00) on shares of Acuity Brands in a research note on Friday, October 6th. Oppenheimer reaffirmed a “buy” rating and set a $200.00 price target (down previously from $230.00) on shares of Acuity Brands in a research note on Tuesday, October 10th. Wolfe Research downgraded shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th. Finally, Roth Capital set a $130.00 price target on shares of Acuity Brands and gave the stock a “sell” rating in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $197.17.

Acuity Brands (NYSE AYI) opened at $167.44 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.07. The stock has a market cap of $7,344.30, a P/E ratio of 21.83, a P/E/G ratio of 1.83 and a beta of 1.44. Acuity Brands has a one year low of $153.28 and a one year high of $250.14.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.25. The business had revenue of $957.60 million for the quarter, compared to the consensus estimate of $975.05 million. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.21 earnings per share. research analysts forecast that Acuity Brands will post 8.66 EPS for the current fiscal year.

In other Acuity Brands news, EVP Mark A. Black sold 7,441 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $161.32, for a total transaction of $1,200,382.12. Following the transaction, the executive vice president now owns 30,649 shares of the company’s stock, valued at $4,944,296.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Acuity Brands by 661.1% in the second quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock worth $111,000 after acquiring an additional 476 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of Acuity Brands by 11.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock worth $119,000 after acquiring an additional 58 shares in the last quarter. QS Investors LLC increased its position in shares of Acuity Brands by 1.2% in the second quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock worth $120,000 after acquiring an additional 7 shares in the last quarter. Israel Discount Bank of New York increased its position in shares of Acuity Brands by 32.3% in the second quarter. Israel Discount Bank of New York now owns 615 shares of the electronics maker’s stock worth $125,000 after acquiring an additional 150 shares in the last quarter. Finally, First Bank & Trust increased its position in shares of Acuity Brands by 183.7% in the third quarter. First Bank & Trust now owns 746 shares of the electronics maker’s stock worth $128,000 after acquiring an additional 483 shares in the last quarter.

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About Acuity Brands

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.

Analyst Recommendations for Acuity Brands (NYSE:AYI)

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