Oppenheimer Issues Positive Forecast for Acuity (NYSE:AYI) Stock Price

Acuity (NYSE:AYIFree Report) had its target price boosted by Oppenheimer from $380.00 to $435.00 in a research report released on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the electronics maker’s stock.

Several other brokerages have also recently commented on AYI. Morgan Stanley lifted their price target on shares of Acuity from $335.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, June 27th. Wall Street Zen upgraded shares of Acuity from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 27th. Wells Fargo & Company boosted their price objective on shares of Acuity from $380.00 to $405.00 and gave the company an “overweight” rating in a report on Thursday. TD Cowen boosted their price objective on shares of Acuity from $330.00 to $390.00 and gave the company a “buy” rating in a report on Thursday. Finally, Robert W. Baird boosted their price objective on shares of Acuity from $335.00 to $360.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Acuity presently has an average rating of “Moderate Buy” and a consensus target price of $395.17.

Get Our Latest Report on AYI

Acuity Stock Down 1.9%

Shares of NYSE:AYI opened at $356.09 on Thursday. Acuity has a one year low of $216.81 and a one year high of $375.67. The company has a 50 day moving average of $327.63 and a 200-day moving average of $287.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.95 and a quick ratio of 1.38. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 2.02 and a beta of 1.64.

Acuity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 17th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, October 17th. Acuity’s dividend payout ratio is 5.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AYI. Hantz Financial Services Inc. boosted its holdings in shares of Acuity by 1,100.0% in the second quarter. Hantz Financial Services Inc. now owns 96 shares of the electronics maker’s stock valued at $29,000 after buying an additional 88 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Acuity in the second quarter valued at approximately $32,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Acuity by 525.0% in the first quarter. Cullen Frost Bankers Inc. now owns 125 shares of the electronics maker’s stock valued at $33,000 after buying an additional 105 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Acuity in the second quarter worth $36,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Acuity by 3,175.0% in the second quarter. Golden State Wealth Management LLC now owns 131 shares of the electronics maker’s stock worth $39,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 98.21% of the company’s stock.

About Acuity

(Get Free Report)

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.

Featured Articles

Analyst Recommendations for Acuity (NYSE:AYI)

Receive News & Ratings for Acuity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity and related companies with MarketBeat.com's FREE daily email newsletter.