Can analysts adopt a bullish outlook for Acuity Brands, Inc. (NYSE:AYI)?

May 18, 2018 - By Migdalia James

Acuity Brands, Inc. (NYSE:AYI) LogoInvestors sentiment increased to 0.95 in Q4 2017. Its up 0.11, from 0.84 in 2017Q3. It is positive, as 34 investors sold Acuity Brands, Inc. shares while 134 reduced holdings. 57 funds opened positions while 102 raised stakes. 42.13 million shares or 1.49% more from 41.52 million shares in 2017Q3 were reported.
Loring Wolcott And Coolidge Fiduciary Advsrs Limited Liability Partnership Ma, a Massachusetts-based fund reported 84,122 shares. Jacobson & Schmitt Advisors Limited Liability Company, Wisconsin-based fund reported 29,794 shares. Renaissance Technology Limited Liability Company reported 0.05% in Acuity Brands, Inc. (NYSE:AYI). Alliancebernstein L P has invested 0.01% in Acuity Brands, Inc. (NYSE:AYI). Hayek Kallen Inv Mngmt owns 1,145 shares for 0.13% of their portfolio. 70,000 were reported by State Of New Jersey Common Pension Fund D. Nippon Life Glob Investors Americas holds 0.08% or 5,990 shares in its portfolio. Legal And General Group Inc Pcl invested 0.03% in Acuity Brands, Inc. (NYSE:AYI). Fayez Sarofim owns 1,194 shares. Texas Permanent School Fund has 0.03% invested in Acuity Brands, Inc. (NYSE:AYI) for 11,509 shares. Mitsubishi Ufj Tru & holds 86,607 shares. Autus Asset Mngmt Limited Co reported 3,808 shares or 0.12% of all its holdings. Rhumbline Advisers owns 76,219 shares for 0.03% of their portfolio. Sumitomo Life Ins Communication reported 2,730 shares. Glob X Mngmt Company Ltd Liability Company has 0.01% invested in Acuity Brands, Inc. (NYSE:AYI).

Since May 3, 2018, it had 2 insider buys, and 0 selling transactions for $713,970 activity. Shares for $563,800 were bought by DILLARD GEORGE DOUGLAS JR.

Acuity Brands, Inc. (NYSE:AYI) Ratings Coverage

Among 9 analysts covering Acuity Brands (NYSE:AYI), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. Acuity Brands had 16 analyst reports since December 13, 2017 according to SRatingsIntel. The stock of Acuity Brands, Inc. (NYSE:AYI) has “Buy” rating given on Tuesday, January 9 by Cowen & Co. The stock of Acuity Brands, Inc. (NYSE:AYI) has “Hold” rating given on Tuesday, January 9 by Wells Fargo. The firm has “Hold” rating given on Thursday, January 11 by Seaport Global. Robert W. Baird maintained the shares of AYI in report on Wednesday, April 4 with “Hold” rating. The firm has “Hold” rating by Robert W. Baird given on Friday, March 16. The stock has “Hold” rating by Wells Fargo on Wednesday, March 28. The firm earned “Buy” rating on Wednesday, April 4 by Cowen & Co. The firm has “Market Perform” rating by William Blair given on Thursday, March 22. As per Thursday, April 5, the company rating was maintained by Wells Fargo. The firm has “Hold” rating by Robert W. Baird given on Tuesday, January 9. Below is a list of Acuity Brands, Inc. (NYSE:AYI) latest ratings and price target changes.

05/04/2018 Broker: Wells Fargo Rating: Hold New Target: $140.0000 Maintain
04/04/2018 Broker: Robert W. Baird Rating: Hold New Target: $145.0000 Maintain
04/04/2018 Broker: Cowen & Co Rating: Buy New Target: $190.0000 Maintain
05/04/2018 Broker: JMP Securities Old Rating: Market Perform New Rating: Market Outperform Upgrade
02/04/2018 Broker: Roth Capital Rating: Sell New Target: $105.0000 Maintain
28/03/2018 Broker: Wells Fargo Rating: Hold New Target: $157.0000 Maintain
22/03/2018 Broker: William Blair Old Rating: Outperform New Rating: Market Perform Downgrade
16/03/2018 Broker: Robert W. Baird Rating: Hold New Target: $168.0 Maintain
11/01/2018 Broker: Seaport Global Rating: Hold Downgrade
10/01/2018 Broker: Canaccord Genuity Rating: Buy New Target: $195.0 Maintain

The stock increased 0.26% or $0.31 during the last trading session, reaching $119.05. About 34,947 shares traded. Acuity Brands, Inc. (NYSE:AYI) has declined 31.54% since May 18, 2017 and is downtrending. It has underperformed by 43.09% the S&P500.

Acuity Brands, Inc. designs, produces, and distributes various lighting solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company has market cap of $4.83 billion. The firm offers lighting and controls products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, daylighting, special-us, street and roadway, parking garage, and underwater lighting; area pedestrian, flood, and decorative site lighting; landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems. It has a 14.71 P/E ratio. It also provides modular wiring products, light emitting diode drivers, glass products, and inverters; and services across applications that primarily relate to monitoring and controlling lighting systems through network technologies and the commissioning of control systems.

More news for Acuity Brands, Inc. (NYSE:AYI) were recently published by: Globenewswire.com, which released: “Acuity Brands, Inc. Products Win Best of Category Design Excellence Awards During LIGHTFAIR® International 2018” on May 10, 2018. Streetinsider.com‘s article titled: “Acuity Brands (AYI) Announces Acquisition of IOTA Engineering” and published on May 01, 2018 is yet another important article.

Acuity Brands, Inc. (NYSE:AYI) Ratings Chart

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