Acuity Brands Inc (AYI) : 7 investment research analysts covering Acuity Brands Inc (AYI) have an average price target of $274.43 for the near short term. The highest target price given by the Brokerage Firm to the stock is $295 and the lowest target is $255 for the short term. Analysts expect the variance to be within $12.7 of the average price.
Acuity Brands Inc (AYI) has an average broker rating of 1.78, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Also, Roth Capital initiates coverage on Acuity Brands Inc (NYSE:AYI). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm announces the price target at $275 per share. The rating by the firm was issued on August 24, 2016.
Acuity Brands Inc (NYSE:AYI): The stock opened at $275.14 on Thursday but the bulls could not build on the opening and the stock topped out at $275.90 for the day. The stock traded down to $272.15 during the day, due to lack of any buying support eventually closed down at $274.08 with a loss of -0.38% for the day. The stock had closed at $275.12 on the previous day. The total traded volume was 168,776 shares.
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.