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


The leading market experts have placed a mean price target of $283.14 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 $2.25 a share for the upcoming quarter and $8.01 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 $255.70, and stock is hovering 6.73 or +2.63% distant from $255.70. It is noted that the 200-day MA is $233.53, and Acuity Brands Inc (Holding Comp stock is $28.90 or +12.37% off from this point. Acuity Brands Inc (NYSE:AYI) 52-week high is $270.98 and the 52-week low is $168.33. This explains if the stock moves $-8.55, it will post a 52-week high. In event of $+55.90% 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 42.87. The stock last ended the trading session at $262.43 and registered a market cap of $11.42B. 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 1.68.

1 Chart Pattern Every Investor Should Know

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