Zacks Investment Research downgraded Acuity Brands, Inc. (NYSE:AYI) to Sell in a report released today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded Acuity Brands, Inc. (NYSE:AYI) to Sell in a report released on 10/12/2016.
Previously on 10/6/2016, Canaccord Genuity reported on Acuity Brands, Inc. (NYSE:AYI) reduced the target price from $305.00 to $286.00. At the time, this indicated a possible upside of 0.19%.
Just yesterday Acuity Brands, Inc. (NYSE:AYI) traded 1.90% higher at $244.65. Acuity Brands, Inc.’s 50-day moving average is $262.57 and its 200-day moving average is $256.25. The last closing price is down -4.53% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 460,878 shares of AYI traded hands, up from an average trading volume of 314,086
Recent Performance Chart
Acuity Brands, Inc. has 52 week low of $169.42 and a 52 week high of $280.89 with a PE ratio of 36.90 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $247.20 with 7 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Acuity Brands, Inc. (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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