Acuity Brands Inc (AYI) : Traders are bullish on Acuity Brands Inc (AYI) as it has outperformed the S&P 500 by a wide margin of 4.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.3%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.27% in the last 1 week, and is up 4.76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Acuity Brands, Inc. is up 10.71% in the last 3-month period. Year-to-Date the stock performance stands at 18.91%. The stock has recorded a 20-day Moving Average of 3.53% and the 50-Day Moving Average is 6.84%.
Acuity Brands Inc (NYSE:AYI): The stock opened at $276.72 on Friday but the bulls could not build on the opening and the stock topped out at $279.05 for the day. The stock traded down to $275.02 during the day, due to lack of any buying support eventually closed down at $277.56 with a loss of -0.08% for the day. The stock had closed at $277.79 on the previous day. The total traded volume was 168,498 shares.
Also, Oppenheimer maintains their rating on the shares of Acuity Brands Inc (NYSE:AYI). The current rating of the shares is Outperform. Equity Analysts at the Firm raises the price target to $295 per share from $245 per share. The rating by the firm was issued on April 7, 2016.
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.