Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $283.14 on Acuity Brands Inc (NYSE:AYI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $8.01 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Acuity Brands Inc (NYSE:AYI) stands at 44.70.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Acuity Brands Inc (Holding Comp, the PEG ratio for coming 3-5 years is 1.75.
The technical analysis highlights that Acuity Brands Inc (Holding Comp current is trading $10.61 points away or +4.04% from its 50-day moving average of $263.02. Further it is trading $33.81 or +14.10% away its 200-day moving average of $239.82.
The 52-week high of Acuity Brands Inc (NYSE:AYI) was $276.85 while lowest point recorded in 52-week was $168.33. It implies if stock price makes a movement of over $-3.22, it will record a new 52-week high. In the case of +62.56% drop, it will touch a new 52-week low.
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