Stock To Watch: Acuity Brands Inc (NYSE:AYI)


The leading market experts have placed a mean price target of $276.89 on Acuity Brands Inc (NYSE:AYI) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $2.36 a share for the upcoming quarter and $7.91 for the current fiscal. Technical View The technical analysis of Acuity Brands Inc (Holding Comp plainly substantiates that the 50-day moving average of Acuity Brands Inc (Holding Comp is $250.79, and stock is hovering -6.21 or -2.48% distant from $250.79. It is noted that the 200-day MA is $228.13, and Acuity Brands Inc (Holding Comp stock is $16.45 or +7.21% off from this point. Acuity Brands Inc (NYSE:AYI) 52-week high is $264.00 and the 52-week low is $168.33. This explains if the stock moves $-19.42, it will post a 52-week high. In event of $+45.30% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Acuity Brands Inc (Holding Comp, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Acuity Brands Inc (NYSE:AYI) ratio came in at 41.39. The stock last ended the trading session at $244.58 and registered a market cap of $10.64B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Acuity Brands Inc (NYSE:AYI) PEG ratio is at 1.59.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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