Acuity Brands’ “outperform” rating was confirmed in a research report prepared by the company and released Tuesday (NYSE: AYI). They are targeting a price of $210.00 per share for the company’s stock in the electronics maker at this time. According to the price target provided by Oppenheimer, the company’s stock price is likely to rise 24.45% over the next year. According to projections made by Oppenheimer, Acuity Brands’ revenue for the second quarter of 2023 is expected to reach $2.56 per share. Why were shares of Acuity Brands, Inc. trading at such a low price when the company had such a successful second quarter? Regarding the topic of AYI, a wide variety of other studies have been conducted. In a research note published on July 9, Bloomberg upgraded its previous “buy” recommendation for Acuity Brands to a “strong buy” rating. In a report released Friday, July 1, Baird gave the company an “outperform” rating and raised its price target on Acuity Brands from $188.00 to $190.00 as a result of the study.
In a research note released Monday, June 27, Credit Suisse Group downgraded its “outperform” rating on Acuity Brands shares and lowered its price target on the company’s shares from $241.00 to $210.00. $ in a search note. Additionally, the company’s stock price target has increased from $211.00 to $241.00. In a research report published on June 23, William Blair downgraded his recommendation on Acuity brands from “outperforming” to “market performance” in a research report. In a research note published on July 4, Cowen lowered his price target on Acuity Brands shares to $225.00 and announced his decision in the research note. Two analysts have argued that investors should “hold” the stock. By comparison, five analysts suggested investors “buy” and one recommended investors “strongly buy” the stock. According to data from Bloomberg, the stock is currently rated as having an average rating of “Moderate Buy”, with a target price of $210.57. At the start of trading on Tuesday, the NYSE AYI set the opening price at $168.74. The company’s market capitalization is currently $5.52 billion, while its PE ratio is 16.26, its P/E/G ratio is 1.49, and its beta value is 1.58. The ratio of current gear to quick gear is 1.19, while the ratio of current gear to quick gear is 1.86. The debt/equity ratio is 0.26. The company’s moving average price over the previous 50 days is $169.93 and the company’s moving average price over the previous 200 days is $174.64.
Over the past 52 weeks, the price of an Acuity Brands stock has fluctuated between a low of $142.71 and a high of $224.59. Acuity Brands’ responsibility is to provide new opportunity for the money customers spend. On June 30, Acuity Brands’ latest earnings report was released. Acuity Brands is publicly traded on the New York Stock Exchange (NYSE) under the symbol AYI. The electrical products maker revealed earnings per share (EPS) for the third quarter were $3.30, $0.50 higher than analysts’ consensus expectation of $2.80. Acuity Brands’ return on equity was 19.77%, while the company’s net margin was 9.43%. The actual amount of money contributed during the period was $988.15 million, which is higher than the expected amount, which was also $988.15 million. The company reported earnings of $2.62 per share for the same period last year compared to the current year. Compared to the prior year period, the company’s quarterly sales increased by 17.9%. The majority opinion of consumer goods industry experts is that Acuity Brands will post earnings of 11.52 cents per share in 2018. On Friday, June 3, Senior Vice President Barry R. Goldman completed the sale of 906 company shares. This is just one of the latest events relating to this topic. After selling the shares for a total consideration of $160,787.82 and an average sale price of $177.47, the senior vice president of the company now owns 4,749 shares of the company, which have a value of approximately $842,805.03 after taking into account the sale of the stock.
The transaction was discussed in detail in the document that was sent to the Securities and Exchange Commission (which can be located on their website). SVP On Friday, June 3, Barry R. Goldman reportedly sold 906 shares of Acuity Brands, according to information gleaned from websites affiliated with the company. The total amount of money raised from the sale of the shares was $160,787.82, which equates to an average price of $177.47 for each share. The senior vice president now directly owns 4,749 shares of the company, which have a combined value of $842,805.03 as a direct result of the transaction. The litigation filing submitted to the Securities and Exchange Commission (SEC) contains information about the transaction. This file can be obtained by following the URL provided in the previous sentence. On July 6, the company’s chief financial officer, Karen J. Holcom, sold a total of 5,438 shares of the company. The total value of the shares that changed hands was $838,539.60, with each share selling for an average of $154.20. Following the completion of the acquisition, the CFO now owns a total equity stake in the company which amounts to 17,138 shares, which has an approximate value of $2,642,679.60 at present. . The disclosure of the purchase can be seen at this particular location. Insiders of the company own 1.20% of the total number of shares issued in the company.
During the second quarter, Cooke & Bieler LP was able to increase the proportion of Acuity Brands shares it held by 129.3%. Cooke & Bieler LP expanded its stake in the electronics maker’s stock by buying an additional 320,225 shares during this period. This brings the total number of shares held by the company to 567,839, and the value of those shares is $87,470,000. Wellington Management Group LLP increased its stake in Acuity Brands by 19.3% in the first three months of 2018. After purchasing an additional 195,515 shares in the last quarter, Wellington Management Group LLP now owns 1,208,990 shares of the company that manufactures electronic products. The value of these shares has increased to $228,862,000 due to recent market activity. Intrinsic Edge Capital Management LLC incurred a total outlay of approximately $24,093,000 to acquire a new position in Acuity Brands during the second quarter of the year. In percentage terms, Millennium Management LLC’s stake in Acuity Brands increased by 213.8% in the last three months of 2018, measured as a percentage. increased its holdings in electronics company stock in the last quarter by buying an additional 139,898 shares. This brought the total number of shares held in the company to 205,346, worth $43,476,000. In the fourth quarter of 2018, Nuveen Asset Management LLC increased the number of Acuity Brands shares it held by 114.8%.
This was the final and most important point. Following the acquisition of an additional 105,372 shares in the last quarter, Nuveen Asset Management LLC now owns 197,169 shares of the electronics maker, valued at $41,745,000. This brings the total number of shares held by the investment firm to 207,169. Institutional investors hold approximately 94.70% of the company’s shares. In addition to the products and services they offer in the home market, Acuity Brands, Inc. provides solutions for lighting and building management globally. Acuity Brands Lighting and Lighting Controls (ABL) and Intelligent Spaces Group are the names of two of the company’s departments. These two departments are under the umbrella of the Intelligent Spaces Group (ISG). The ABL division provides commercial, architectural and specialty lighting solutions, in addition to lighting controls and components, for a wide variety of interior and exterior applications. Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Sunoptics, eldoLED, nLight, Sensor Switch, IOTA, A-Light and A-Light are some of the brands under which you can find these solutions. Other brands include Holophane, Peerless, Gotham, Mark Architectural Lighting and