Acuity Brands (AYI) Given a $170.00 Price Target by JMP Securities Analysts

JMP Securities set a $170.00 price target on Acuity Brands (NYSE:AYI) in a report issued on Thursday. The firm currently has a buy rating on the electronics maker’s stock.

AYI has been the subject of a number of other research reports. ValuEngine upgraded Acuity Brands from a strong sell rating to a sell rating in a research report on Wednesday, July 11th. Robert W. Baird upgraded Acuity Brands from a neutral rating to an outperform rating and set a $185.00 price target for the company in a research report on Friday, September 7th. Wells Fargo & Co upgraded Acuity Brands from a market perform rating to an outperform rating and boosted their price target for the stock from $140.00 to $187.00 in a research report on Thursday, September 20th. Goldman Sachs Group lowered Acuity Brands from a neutral rating to a sell rating and reduced their price target for the stock from $141.00 to $126.00 in a research report on Wednesday, September 12th. Finally, Cowen set a $180.00 price target on Acuity Brands and gave the stock a buy rating in a research report on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Acuity Brands presently has an average rating of Hold and an average price target of $152.88.

Shares of AYI stock opened at $130.99 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.65 and a debt-to-equity ratio of 0.22. Acuity Brands has a 1 year low of $109.98 and a 1 year high of $186.99. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.80 and a beta of 1.40.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.12. Acuity Brands had a return on equity of 20.49% and a net margin of 9.28%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm posted $2.55 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. Equities analysts expect that Acuity Brands will post 8.27 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Thursday, October 18th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, October 17th. This represents a $0.52 annualized dividend and a dividend yield of 0.40%. Acuity Brands’s dividend payout ratio (DPR) is 6.53%.

Institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in shares of Acuity Brands by 280.5% in the second quarter. Captrust Financial Advisors now owns 1,172 shares of the electronics maker’s stock valued at $136,000 after buying an additional 864 shares during the period. Itau Unibanco Holding S.A. lifted its holdings in shares of Acuity Brands by 72.2% in the second quarter. Itau Unibanco Holding S.A. now owns 1,391 shares of the electronics maker’s stock valued at $161,000 after buying an additional 583 shares during the period. Sei Investments Co. lifted its holdings in shares of Acuity Brands by 137.1% in the first quarter. Sei Investments Co. now owns 1,660 shares of the electronics maker’s stock valued at $230,000 after buying an additional 960 shares during the period. Eagle Boston Investment Management Inc. acquired a new stake in shares of Acuity Brands in the second quarter valued at $206,000. Finally, ING Groep NV acquired a new stake in shares of Acuity Brands in the second quarter valued at $218,000.

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 controls products and solutions, such as recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, landscape, and underwater lighting; area pedestrian, flood, and decorative site 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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