Analysts at Oppenheimer boosted their price target on shares of Acuity Brands (NYSE: AYI)
Several other analysts have also recently commented on the stock. Analysts at Northland Capital initiated coverage on shares of Acuity Brands in a research note to investors on Friday. They set a ?market perform? rating and a $71.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Acuity Brands from an ?underperform? rating to a ?neutral? rating in a research note to investors on Wednesday, February 13th. They now have a $71.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Acuity Brands from a ?neutral? rating to an ?underperform? rating in a research note to investors on Tuesday, January 15th. They now have a $64.10 price target on the stock. Four investment analysts have rated the stock with a buy rating, one has given an overweight rating, six have assigned a hold rating, and two have assigned a sell rating to the company. The company has an average rating of ?hold? and an average target price of $64.50.
Shares of Acuity Brands traded down 0.41% during mid-day trading on Friday, hitting $67.85. Acuity Brands has a one year low of $48.11 and a one year high of $73.48. The stock?s 50-day moving average is currently $69.66. The company has a market cap of $2.836 billion and a P/E ratio of 25.90.
Acuity Brands last announced its earnings results on Tuesday, January 8th. The company reported $0.69 earnings per share for the quarter, missing the analysts? consensus estimate of $0.80 by $0.11. The company had revenue of $481.10 million for the quarter, compared to the consensus estimate of $498.79 million. During the same quarter last year, the company posted $0.74 earnings per share. Acuity Brands ?s revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that Acuity Brands will post $3.23 earnings per share for the current fiscal year.
Acuity Brands, Inc. (Acuity Brands) is the parent company of Acuity Brands Lighting, Inc. (ABL), and other subsidiaries.