Acuity Brands (NYSE:AYI) received a $170.00 price target from equities research analysts at JMP Securities in a research note issued on Wednesday. The firm currently has a “buy” rating on the electronics maker’s stock. JMP Securities’ target price points to a potential upside of 7.51% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Acuity Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. 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 note on Friday, September 7th. Goldman Sachs Group lowered Acuity Brands from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $141.00 to $126.00 in a research note on Wednesday. Finally, ValuEngine upgraded Acuity Brands from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 11th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $158.00.

Shares of NYSE:AYI opened at $158.12 on Wednesday. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.00 and a beta of 1.42. 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 12 month low of $109.98 and a 12 month high of $186.99.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Tuesday, July 3rd. The electronics maker reported $2.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.20. The company had revenue of $944.10 million during the quarter, compared to analyst estimates of $900.46 million. Acuity Brands had a return on equity of 20.49% and a net margin of 9.28%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.15 earnings per share. research analysts predict that Acuity Brands will post 8.26 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of AYI. BlackRock Inc. grew its stake in shares of Acuity Brands by 45.8% in the second quarter. BlackRock Inc. now owns 4,140,236 shares of the electronics maker’s stock valued at $479,730,000 after buying an additional 1,300,971 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Acuity Brands by 86.0% in the first quarter. Wells Fargo & Company MN now owns 1,062,573 shares of the electronics maker’s stock valued at $147,899,000 after buying an additional 491,181 shares in the last quarter. Vulcan Value Partners LLC grew its stake in shares of Acuity Brands by 94.8% in the second quarter. Vulcan Value Partners LLC now owns 888,340 shares of the electronics maker’s stock valued at $102,932,000 after buying an additional 432,385 shares in the last quarter. FIL Ltd acquired a new stake in shares of Acuity Brands in the first quarter valued at about $41,478,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Acuity Brands by 26.3% in the first quarter. JPMorgan Chase & Co. now owns 1,402,648 shares of the electronics maker’s stock valued at $195,235,000 after buying an additional 292,245 shares in the last quarter.

Acuity Brands Company Profile

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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