Favorable Media Coverage Somewhat Likely to Affect Acuity Brands (AYI) Stock Price

News stories about Acuity Brands (NYSE:AYI) have trended positive recently, according to Alpha One Sentiment. The research firm, a division of Accern, identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Acuity Brands earned a media sentiment score of 0.37 on Alpha One’s scale. Alpha One also assigned media coverage about the electronics maker an impact score of 52 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have effected Alpha One Sentiment Analysis’s analysis:

Insider Buying and Selling by Quarter for Acuity Brands (NYSE:AYI)

AYI has been the topic of several recent research reports. Roth Capital set a $150.00 price target on shares of Acuity Brands and gave the stock a “sell” rating in a research report on Wednesday, March 22nd. Canaccord Genuity reiterated a “buy” rating on shares of Acuity Brands in a research report on Tuesday, March 28th. Zacks Investment Research cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a research report on Monday, March 20th. Deutsche Bank AG reiterated a “buy” rating and set a $215.00 price objective (down from $245.00) on shares of Acuity Brands in a research report on Tuesday, May 30th. Finally, Robert W. Baird lowered their price objective on shares of Acuity Brands from $242.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, April 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. Acuity Brands presently has an average rating of “Buy” and a consensus target price of $221.20.

Shares of Acuity Brands (NYSE:AYI) traded up 0.3738% during midday trading on Monday, hitting $177.1497. 297,081 shares of the company’s stock were exchanged. Acuity Brands has a 52 week low of $157.33 and a 52 week high of $280.89. The company has a 50-day moving average of $174.96 and a 200-day moving average of $202.90. The firm has a market cap of $7.76 billion, a price-to-earnings ratio of 25.4562 and a beta of 1.37.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Tuesday, April 4th. The electronics maker reported $1.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.83 by $0.06. Acuity Brands had a return on equity of 15.27% and a net margin of 8.36%. The company had revenue of $804.70 million for the quarter, compared to the consensus estimate of $827.22 million. During the same period in the prior year, the company earned $1.80 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. Equities research analysts expect that Acuity Brands will post $8.03 EPS for the current fiscal year.

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About Acuity Brands

Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AYI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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