Acuity Brands, Inc. (NYSE:AYI) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: March 20, 2017
Having a price of $208.34, Acuity Brands, Inc. (NYSE:AYI) traded -1.01% lower on the day. With the last close down -12.25% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. Acuity Brands, Inc. has recorded a 50-day average of $211.11 and a two hundred day average of $235.02. Volume of trade was down over the average, with 360,938 shares of AYI changing hands under the typical 777,123
Zacks Investment Research has downgraded Acuity Brands, Inc. (NYSE:AYI) to Sell in a statement released on 03/20/2017.
Acuity Brands, Inc. has a 52 week low of $193.06 and a 52 week high of $280.89 with a P/E ratio of 29.80 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $247.20 with 7 firms rating the stock a strong buy, 2 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Acuity Brands, Inc. (NYSE:AYI)
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. The portfolio of lighting solutions include lighting products utilizing fluorescent, light emitting diode (LED), organic LED (OLED), high intensity discharge, metal halide, and incandescent light sources to illuminate a number of applications. The solutions portfolio of the Company also includes modular wiring, LED drivers, sensors, glass and inverters sold primarily to original equipment manufacturers (OEMs). Its lighting and building management solutions are marketed under various brand names, including Lithonia Lighting and Holophane.
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