Today: Today, Acuity Brands Inc. (AYI) Given “Buy” Rating at Deutsche Bank AG

Today, Acuity Brands Inc. (AYI) Given “Buy” Rating at Deutsche Bank AG

Deutsche Bank AG reaffirmed their buy rating on shares of Acuity Brands Inc. (NYSE:AYI) in a report published on Monday morning. They currently have a $300.00 target price on the stock.

Other research analysts have also issued reports about the company. Canaccord Genuity reiterated a buy rating and issued a $286.00 price objective (down from $305.00) on shares of Acuity Brands in a research report on Friday, September 30th. Williams Capital initiated coverage on Acuity Brands in a research report on Friday, September 30th. They issued a buy rating and a $306.00 price objective for the company. Robert W. Baird set a $272.00 price objective on Acuity Brands and gave the stock a buy rating in a research report on Thursday, October 6th. Cowen and Company set a $285.00 price objective on Acuity Brands and gave the stock a buy rating in a research report on Thursday, October 6th. Finally, Seaport Global Securities initiated coverage on Acuity Brands in a research report on Friday, November 4th. They issued a buy rating and a $290.00 price objective for the company. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Acuity Brands currently has a consensus rating of Buy and a consensus price target of $278.67.

Acuity Brands (NYSE:AYI) opened at 250.78 on Monday. Acuity Brands has a 52-week low of $169.42 and a 52-week high of $280.89. The stock has a 50 day moving average price of $241.26 and a 200 day moving average price of $255.49. The company has a market capitalization of $10.87 billion, a price-to-earnings ratio of 37.83 and a beta of 1.34.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Wednesday, October 5th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.39 by $0.18. The business earned $925.50 million during the quarter. Acuity Brands had a return on equity of 20.99% and a net margin of 8.84%. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period last year, the firm earned $1.63 EPS. On average, equities analysts expect that Acuity Brands will post $9.49 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 18th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Friday, October 14th. Acuity Brands’s dividend payout ratio is presently 7.83%.

A number of hedge funds have recently bought and sold shares of AYI. Vanguard Group Inc. boosted its stake in Acuity Brands by 21.0% in the second quarter. Vanguard Group Inc. now owns 3,830,254 shares of the company’s stock worth $949,749,000 after buying an additional 663,791 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Acuity Brands by 0.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,794,946 shares of the company’s stock worth $739,543,000 after buying an additional 9,552 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Acuity Brands by 9.3% in the second quarter. JPMorgan Chase & Co. now owns 2,311,317 shares of the company’s stock worth $573,116,000 after buying an additional 196,804 shares in the last quarter. State Street Corp boosted its stake in Acuity Brands by 13.2% in the second quarter. State Street Corp now owns 1,619,301 shares of the company’s stock worth $401,529,000 after buying an additional 188,661 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in Acuity Brands by 0.4% in the second quarter. Artisan Partners Limited Partnership now owns 1,340,361 shares of the company’s stock worth $332,356,000 after buying an additional 5,525 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

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