Is Acuity Brands Inc (NYSE:AYI) Now a Sell? Why did Wells Fargo Downgrade The Stock?

September 17, 2017 - By Adrian Erickson

 Is Acuity Brands Inc (NYSE:AYI) Now a Sell? Why did Wells Fargo Downgrade The Stock?

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.20, from 0.92 in 2016Q3. It is positive, as 50 investors sold Acuity Brands, Inc. shares while 145 reduced holdings. 63 funds opened positions while 155 raised stakes. 40.78 million shares or 4.08% more from 39.19 million shares in 2016Q3 were reported.

Jefferies Group Limited Liability Corporation stated it has 11,576 shares. Bp Public Ltd invested 0.05% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Autus Asset Mgmt Limited Liability reported 0.24% in Acuity Brands, Inc. (NYSE:AYI). 23,902 were reported by Massachusetts Finance Company Ma. Commonwealth Equity has 0% invested in Acuity Brands, Inc. (NYSE:AYI) for 1,724 shares. Profund Advsr Ltd Liability Corporation stated it has 0.02% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Metropolitan Life Ins Ny holds 0.04% or 23,762 shares. Eagle Asset Management Inc stated it has 360,584 shares. Wealthtrust Fairport Ltd Liability reported 0.03% in Acuity Brands, Inc. (NYSE:AYI). Commerzbank Aktiengesellschaft Fi has 0% invested in Acuity Brands, Inc. (NYSE:AYI) for 1,249 shares. Tarbox Gp, California-based fund reported 12 shares. Moreover, Montag A Assoc Inc has 0.03% invested in Acuity Brands, Inc. (NYSE:AYI). Bbva Compass Bankshares Incorporated has invested 0.05% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Brown Management Lc accumulated 2,021 shares. Kames Capital Public Limited Liability Corp reported 288,293 shares.

Acuity Brands Inc (NYSE:AYI) Receives a Downgrade

Wells Fargo has cut the rating for shares of Acuity Brands Inc (NYSE:AYI) to a solid Market Perform in analysts report shared with investors on Friday, 15 September. AYI’s previous rating by the firm was a Outperform.

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.20, from 0.92 in 2016Q3. It is positive, as 50 investors sold Acuity Brands, Inc. shares while 145 reduced holdings. 63 funds opened positions while 155 raised stakes. 40.78 million shares or 4.08% more from 39.19 million shares in 2016Q3 were reported.

Jefferies Group Limited Liability Corporation stated it has 11,576 shares. Bp Public Ltd invested 0.05% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Autus Asset Mgmt Limited Liability reported 0.24% in Acuity Brands, Inc. (NYSE:AYI). 23,902 were reported by Massachusetts Finance Company Ma. Commonwealth Equity has 0% invested in Acuity Brands, Inc. (NYSE:AYI) for 1,724 shares. Profund Advsr Ltd Liability Corporation stated it has 0.02% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Metropolitan Life Ins Ny holds 0.04% or 23,762 shares. Eagle Asset Management Inc stated it has 360,584 shares. Wealthtrust Fairport Ltd Liability reported 0.03% in Acuity Brands, Inc. (NYSE:AYI). Commerzbank Aktiengesellschaft Fi has 0% invested in Acuity Brands, Inc. (NYSE:AYI) for 1,249 shares. Tarbox Gp, California-based fund reported 12 shares. Moreover, Montag A Assoc Inc has 0.03% invested in Acuity Brands, Inc. (NYSE:AYI). Bbva Compass Bankshares Incorporated has invested 0.05% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Brown Management Lc accumulated 2,021 shares. Kames Capital Public Limited Liability Corp reported 288,293 shares.

Acuity Brands, Inc. (NYSE:AYI) Ratings Coverage

Among 19 analysts covering Acuity Brands Inc. (NYSE:AYI), 12 have Buy rating, 3 Sell and 4 Hold. Therefore 63% are positive. Acuity Brands Inc. has $306 highest and $15000 lowest target. $233.88’s average target is 37.17% above currents $170.5 stock price. Acuity Brands Inc. had 45 analyst reports since August 21, 2015 according to SRatingsIntel. The rating was upgraded by Robert W. Baird on Tuesday, January 10 to “Outperform”. Credit Agricole initiated Acuity Brands, Inc. (NYSE:AYI) rating on Thursday, February 25. Credit Agricole has “Buy” rating and $240 target. The stock of Acuity Brands, Inc. (NYSE:AYI) has “Overweight” rating given on Monday, November 23 by Piper Jaffray. The stock of Acuity Brands, Inc. (NYSE:AYI) has “Buy” rating given on Thursday, August 24 by Oppenheimer. Canaccord Genuity maintained the shares of AYI in report on Sunday, June 25 with “Buy” rating. The firm has “Outperform” rating by CLSA given on Thursday, April 7. The company was maintained on Monday, July 17 by Oppenheimer. The rating was maintained by Oppenheimer with “Outperform” on Thursday, April 7. Roth Capital initiated Acuity Brands, Inc. (NYSE:AYI) on Thursday, August 25 with “Neutral” rating. The stock has “Sell” rating by Roth Capital on Tuesday, June 27.

The stock decreased 4.21% or $7.49 on September 15, reaching $170.5. About 1.66M shares traded or 274.35% up from the average. Acuity Brands, Inc. (NYSE:AYI) has declined 31.18% since September 17, 2016 and is downtrending. It has underperformed by 47.88% the S&P500.

Wall Street await Acuity Brands, Inc. (NYSE:AYI) to release earnings on October, 4. Analysts forecast earnings per share of $2.30, up exactly $0.21 or 10.05 % from 2014’s $2.09 EPS. The expected AYI’s profit could reach $96.86M giving the stock 18.53 P/E in the case that $2.30 earnings per share is reported. After posting $2.03 EPS for the previous quarter, Acuity Brands, Inc.’s analysts now forecast 13.30 % EPS growth.

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 has market cap of $7.18 billion. The Firm operates through North American segment. It has a 23.8 P/E ratio. The Firm offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.

More notable recent Acuity Brands, Inc. (NYSE:AYI) news were published by: Globenewswire.com which released: “Acuity Brands, Inc. Offers News Street Lighting Network Solution Using SSN …” on September 11, 2017, also Zacks.com with their article: “Acuity Brands Lighting Teams Up With Silver Spring Networks” published on September 12, 2017, Nasdaq.com published: “Acuity Brands Becomes Oversold (AYI)” on September 15, 2017. More interesting news about Acuity Brands, Inc. (NYSE:AYI) were released by: Fool.com and their article: “Why Shares of Acuity Brands, Inc. Popped 14% Today” published on June 29, 2017 as well as Nasdaq.com‘s news article titled: “Acuity Brands is Now Oversold (AYI)” with publication date: August 23, 2017.

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