Acuity Brands (NYSE:AYI) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Tuesday, ValuEngine reports.

A number of other equities research analysts have also issued reports on the stock. William Blair reissued a “hold” rating on shares of Acuity Brands in a research note on Tuesday, September 24th. Robert W. Baird downgraded shares of Acuity Brands from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $148.00 to $126.00 in a research note on Wednesday, October 16th. Oppenheimer lowered Acuity Brands from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 16th. Wells Fargo & Co reduced their price objective on Acuity Brands from $155.00 to $138.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Finally, JMP Securities lowered their target price on Acuity Brands from $166.00 to $160.00 and set a “market outperform” rating on the stock in a research note on Friday, October 18th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $134.44.

NYSE AYI opened at $130.67 on Tuesday. The company has a 50 day simple moving average of $127.16 and a 200-day simple moving average of $129.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.42 and a quick ratio of 1.85. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.53. Acuity Brands has a 52-week low of $103.48 and a 52-week high of $147.44.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Wednesday, October 2nd. The electronics maker reported $2.75 EPS for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.12. The firm had revenue of $938.10 million for the quarter, compared to the consensus estimate of $1.03 billion. Acuity Brands had a net margin of 9.00% and a return on equity of 19.50%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.68 earnings per share. On average, analysts predict that Acuity Brands will post 9.14 EPS for the current year.

A number of hedge funds have recently bought and sold shares of AYI. BSW Wealth Partners bought a new position in shares of Acuity Brands during the 2nd quarter valued at $29,000. Wealthcare Advisory Partners LLC acquired a new position in Acuity Brands during the second quarter worth $34,000. Quest Capital Management Inc. ADV acquired a new position in Acuity Brands during the third quarter worth $41,000. Private Capital Group LLC raised its holdings in Acuity Brands by 58.4% during the second quarter. Private Capital Group LLC now owns 464 shares of the electronics maker’s stock valued at $54,000 after buying an additional 171 shares in the last quarter. Finally, First Mercantile Trust Co. bought a new position in Acuity Brands during the second quarter valued at about $58,000. 91.05% of the stock is owned by institutional investors.

About Acuity Brands

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.

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Analyst Recommendations for Acuity Brands (NYSE:AYI)

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