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AYI

Acuity Brands

$185.73

0.37 (0.20%)

13:13
01/08/18
01/08
13:13
01/08/18
13:13

Technical Earnings Preview: Acuity Brands breaking out, large short-base

The shares have recently crossed above the $180 area, a level that had previously held as resistance since September 2017. If earnings news and outlook are bullish, this breakout could extend further in price. Resistance levels to watch as potential upside objectives above the current price of $185.22 are at $188.10, the $190 area, $193.88, the $200 area, and $203.56. The 52-week high for the shares is at $225.36. If the news is instead a negative surprise, a move below $180 would break the recent uptrend off the low of December 2017 and put the stock back into the pre-existing range. Support levels to watch below $180 as potential downside objectives are at $177.23, $174.07, the $170 area, and $168.55. The 52-week low is at $153.28. There is a large percentage of the trading float short, as of the last available report, of 13.4%. This could add buy-to-cover demand on a positive surprise.

  • 09

    Jan

AYI Acuity Brands
$185.73

0.37 (0.20%)

10/13/17
KEYB
10/13/17
INITIATION
KEYB
Sector Weight
Acuity Brands initiated with a Sector Weight at KeyBanc
KeyBanc analyst Daniel Baksht started Acuity Brands with a Sector Weight rating saying he sees the shares as fully valued.
10/13/17
10/13/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Visa (V) and MasterCard (MA) were initiated with an Overweight at Stephens. 2. Acuity Brands (AYI) initiated with a Sector Weight at KeyBanc. 3. Williams-Sonoma (WSM) and RH (RH) were initiated with a Hold at Stifel. 4. Signature Bank (SBNY) assumed with a Neutral at Piper Jaffray. 5. NewLink Genetics (NLNK) initiated with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/21/17
KEYB
12/21/17
NO CHANGE
KEYB
KeyBanc sees limited upside to near-term estimates for Cree, Acuity
KeyBanc analyst Daniel Baksht sees limited upside to near-term estimates for Acuity Brands (AYI) and Cree (CREE) after his quarterly lighting pricing survey pointed to continued moderate price declines over the past few months. The analyst believes expectations in lighting are already low for both companies, however. He keeps Sector Weight ratings on both stocks due to valuation.
01/03/18
WBLR
01/03/18
NO CHANGE
WBLR
Outperform
Acuity Brands shares not pricing in lower tax rate, says William Blair
William Blair analyst Ryan Merkel says that while his quarterly lighting survey remained soft with an uncertain outlook, shares of Acuity Brands have more upside than downside. A lower tax rate following U.S. tax reform is not priced into the shares at current levels, which offers 7% upside, Merkel tells investors in a research note. He believes the market is assigning "very little credit" to Acuity shares for tax reform, capital allocation, and delivering 26%-28% incremental margins in fiscal 2018. The analyst keeps an Outperform rating on the shares.

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