Can Acuity Brands Inc (NYSE:AYI) Breach 52-week High Of $280.89?


The leading market experts have reached a mean price target of $282.13 on Acuity Brands Inc (NYSE:AYI) stock. This price level, which is projected to be accomplished in one-year, shows the mean of stock views specified by the firms included in the First Call analysis. The research firms have foreseen earnings of $2.26 a share for the future quarter and $8.01 for the current fiscal.

Technical View

The technical analysis of Acuity Brands Inc (Holding Comp proves that the 50-day moving average of Acuity Brands Inc (Holding Comp is $270.35, and stock is trading $-11.69 points away or -4.32% from 50-day moving average of $270.35. It is trading $7.65 or +3.05% away 200-day moving average of $251.01. Acuity Brands Inc (NYSE:AYI) 52-week high is $280.89 and the low is $168.33 in same period. This explains if the equity moves $-22.23, it will mark a high for the year. In event of +53.66% decline, the low point will be hit.

Taking the valuation side to highlight Acuity Brands Inc (Holding Comp position, shareholders can use financial tool identified as price-to-earnings ratio. This business ratio judges stock’s valuation by seeing the relative expense of the equity. Following this ratio, Acuity Brands Inc (NYSE:AYI) ratio came in at 42.26.

In core, the price-earnings ratio specifies the dollar amount a stockholder can expect to spend in a company in order to obtain one dollar of that firm’s earnings. It is why the P/E ratio is sometimes stated as the multiple because it displays how much investors are ready to pay per dollar of profits. If a company were now trading at a multiple of 30, the reading is that an investor is ready to pay $30 for $1 of present earnings.

The stock ended the last session at $258.66 and registered a market cap of $11.25B. To appraise firm’s overall growth, the shareholders take help of another ration, identified as Price-to-Earnings-Growth ratio. When equity displays a higher PEG ratio, it is indicative of poorer stock appreciation in imminent sessions. A equity comes in the undervalued stocks list when its PEG ratio is in between 0 and 1. Acuity Brands Inc (NYSE:AYI) PEG ratio is at 1.73.

1 Chart Pattern Every Investor Should Know

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