Acuity Brands Inc (AYI) : 8 analysts are covering Acuity Brands Inc (AYI) and their average rating on the stock is 1.63, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Acuity Brands Inc (AYI) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Acuity Brands Inc (AYI) stock is expected to deviate a maximum of $13.91 from the average target price of $274.33 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $295 and the most muted being $255.
Shares of Acuity Brands, Inc. rose by 1.27% in the last five trading days and 6.47% for the last 4 weeks. Acuity Brands, Inc. is up 9.02% in the last 3-month period. Year-to-Date the stock performance stands at 19.59%. Acuity Brands Inc (NYSE:AYI): stock turned positive on Tuesday. Though the stock opened at $278.4, the bulls momentum made the stock top out at $280.89 level for the day. The stock recorded a low of $278.4 and closed the trading day at $279.15, in the green by 0.58%. The total traded volume for the day was 154,014. The stock had closed at $277.54 in the previous days trading.
Acuity Brands, Inc. (Acuity Brands), is the parent company of Acuity Brands Lighting, Inc. (ABL), and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets. The Companys lighting solutions include devices, such as luminaires, lighting controls, power supplies, prismatic skylights, light-emitting diode (LED) lamps, and integrated lighting systems for indoor and outdoor applications utilizing a combination of light sources, including daylight, and other devices controlled by software that monitors and manages light levels while optimizing energy consumption (collectively referred to herein as lighting solutions). On March 13, 2013, the Company acquired eldoLED Europe BV.