Acuity Brands (AYI) Stock Rating Lowered by William Blair

Acuity Brands (NYSE:AYI) was downgraded by William Blair from an “outperform” rating to a “market perform” rating in a report issued on Thursday. William Blair also issued estimates for Acuity Brands’ Q3 2018 earnings at $2.33 EPS, Q4 2018 earnings at $2.77 EPS and FY2018 earnings at $8.84 EPS.

Several other equities research analysts also recently issued reports on the stock. Robert W. Baird restated a “hold” rating and set a $168.00 price objective on shares of Acuity Brands in a research report on Friday, March 16th. Zacks Investment Research downgraded shares of Acuity Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Seaport Global Securities restated a “neutral” rating on shares of Acuity Brands in a research report on Thursday, January 11th. Williams Capital downgraded shares of Acuity Brands from a “buy” rating to a “hold” rating and cut their price objective for the stock from $204.00 to $175.00 in a research report on Wednesday, January 10th. Finally, Wells Fargo restated a “market perform” rating and set a $175.00 price objective (down from $185.00) on shares of Acuity Brands in a research report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Acuity Brands presently has a consensus rating of “Hold” and a consensus price target of $193.92.

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Shares of Acuity Brands stock opened at $132.40 on Thursday. The company has a current ratio of 2.23, a quick ratio of 1.65 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6,198.95, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32. Acuity Brands has a 1 year low of $131.64 and a 1 year high of $209.18.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Tuesday, January 9th. The electronics maker reported $1.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.16). The company had revenue of $842.80 million for the quarter, compared to analyst estimates of $883.97 million. Acuity Brands had a return on equity of 20.08% and a net margin of 8.91%. sell-side analysts anticipate that Acuity Brands will post 8.87 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its holdings in shares of Acuity Brands by 14.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,686 shares of the electronics maker’s stock worth $1,091,000 after purchasing an additional 728 shares during the period. Advisor Group Inc. increased its holdings in shares of Acuity Brands by 22.3% during the third quarter. Advisor Group Inc. now owns 2,475 shares of the electronics maker’s stock worth $424,000 after purchasing an additional 452 shares during the period. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Acuity Brands by 42.0% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 76,578 shares of the electronics maker’s stock worth $13,116,000 after purchasing an additional 22,647 shares during the period. Toronto Dominion Bank increased its holdings in shares of Acuity Brands by 13.1% during the fourth quarter. Toronto Dominion Bank now owns 18,156 shares of the electronics maker’s stock worth $3,194,000 after purchasing an additional 2,105 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Acuity Brands by 3.0% during the third quarter. Sei Investments Co. now owns 29,475 shares of the electronics maker’s stock worth $5,049,000 after purchasing an additional 855 shares during the period.

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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.

Analyst Recommendations for Acuity Brands (NYSE:AYI)

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