A statement released earlier today by Williams Capital about Acuity Brands (NYSE:AYI) bumps the target price to $306.00
- Updated: September 30, 2016
Having a price of $260.41, Acuity Brands (NYSE:AYI) traded 0.00% even on the day. With the last close up 2.41% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Acuity Brands has recorded a 50-day average of $268.70 and a two hundred day average of $254.29. Volume of trade was down over the average, with 0 shares of AYI changing hands under the typical 256,689
Stating a potential upside of 0.18%, Williams Capital upped the price target of Acuity Brands (NYSE:AYI) to $306.00
On Friday September 23, 2016, Canaccord Genuity released a statement on Acuity Brands (NYSE:AYI) upped the target price from $0.00 to $305.00 that suggested an upside of 0.17%.
With a total market value of $0, Acuity Brands has price-earnings ratio of 42.54 with a one year low of $169.42 and a one year high of $280.89 .
A total of 10 analysts have released a report on Acuity Brands. Seven analysts rating the company a strong buy, two analysts rating the company a buy, four analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $247.20.
More About Acuity Brands (NYSE:AYI)
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 Company's 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.
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