Acuity Brands which can be found using ticker (AYI) have now 7 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 210 and 180 suggesting an average Analsyt target price of $194.14. Now with the previous closing price of $179.17 this would imply there is now a potential upside of 8.4%. There is a 50 day moving average of $187.51 and the 200 day moving average is $175.82. The market cap for the company is $5,857m. You can visit the company’s website by visiting: https://www.acuitybrands.com
The potential market cap would be $6,346m based on the market consensus.
Acuity Brands provides lighting and building management solutions in North America and internationally. The company operates through 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 Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Sunoptics, eldoLED, nLight, Sensor Switch, IOTA, A-Light, Cyclone, Eureka, Lumniaire LED, Luminis, Dark to Light, RELOC Wiring Solutions, and OPTOTRONIC brands. This segment serves electrical distributors, retail home improvement centers, electric utilities, national accounts, original equipment manufacturers, digital retailers, lighting showrooms, and energy service companies. The ISG segment offers building management platform and location-aware applications under the Distech Controls and Atrius brands. This segment serves system integrators, as well as retail stores, airports, and enterprise campuses. Acuity Brands was incorporated in 2001 and is headquartered in Atlanta, Georgia.
The company has a dividend yield of 0.28% with the ex dividend date set at 14-4-2023 (DMY).
Other points of data to note are a P/E ratio of 16.75, revenue per share of 121.75 and a 9.11% return on assets.
