A share price of Acuity Brands, Inc. [AYI] is currently trading at $299.35, up 8.70%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AYI shares have gain 9.80% over the last week, with a monthly amount glided 17.53%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Acuity Brands, Inc. [NYSE: AYI] stock has seen the most recent analyst activity on June 28, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $260 from $295. Previously, Oppenheimer reaffirmed its Outperform rating on April 04, 2024, and elevated its price target to $315. On December 16, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $190 on the stock. William Blair downgraded its rating to a Mkt Perform. UBS upgraded its rating to a Neutral and raised its price target to $206 on October 12, 2021. Wells Fargo started tracking with a Overweight rating for this stock on October 08, 2021, and assigned it a price target of $218. In a note dated April 05, 2021, ROTH Capital upgraded an Neutral rating on this stock but restated the target price of $165.
Acuity Brands, Inc. experienced fluctuations in its stock price throughout the past year between $156.84 and $275.95. Currently, Wall Street analysts expect the stock to reach $313 within the next 12 months. Acuity Brands, Inc. [NYSE: AYI] shares were valued at $299.35 at the most recent close of the market. An investor can expect a potential return of 4.56% based on the average AYI price forecast.
Analyzing the AYI fundamentals
Trailing Twelve Months sales for Acuity Brands, Inc. [NYSE:AYI] were 3.82B which represents -3.22% decline. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.19 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.21.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 288.55 points at the first support level, and at 277.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 306.59, and for the 2nd resistance point, it is at 313.84.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Acuity Brands, Inc. [NYSE:AYI] is 2.77. As well, the Quick Ratio is 2.15, while the Cash Ratio is 1.23. Considering the valuation of this stock, the price to sales ratio is 2.41, the price to book ratio is 4.08 and price to earnings (TTM) ratio is 24.35.
Transactions by insiders
Recent insider trading involved Leibman Maya, Director, that happened on Apr 25 ’24 when 200.0 shares were purchased. SVP & Chief Financial Officer, HOLCOM KAREN J completed a deal on Apr 04 ’24 to sell 7745.0 shares. Meanwhile, SVP & Chief HR Officer MILLS DIANNE S sold 6000.0 shares on Jan 18 ’24.
