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AYI

Acuity Brands

$121.25

-2.25 (-1.82%)

08:43
01/13/20
01/13
08:43
01/13/20
08:43

Naming Neil Ashe as Acuity Brands CEO 'scares the channel,' says Roth Capital

Roth Capital analyst Craig Irwin says that while Acuity Brands' new CEO Neil Ashe "may be a good BOD decision," his conversations show the transparency of corporate intent scares the channel. Agencies, reps, and distributors fear disintermediation, which could result in a rapid breakdown of channel loyalty, he contends. The analyst reiterates a Sell rating and $100 price target on the shares.

AYI Acuity Brands
$121.25

-2.25 (-1.82%)

10/18/19
JMPS
10/18/19
NO CHANGE
Target $160
JMPS
Outperform
Acuity Brands price target lowered to $160 from $166 at JMP Securities
JMP Securities analyst Joseph Osha lowered his price target on Acuity Brands to $160 but kept his Outperform rating. The analyst is positive on the company being the "most profitable lighting business in the industry" with an EBITDA margin of 17%, but notes that its recent comp trends have resulted in some pressure on the stock's valuation and also believes that the management has not been sufficiently proactive taking market share. Osha adds that the pricing of the recent Cooper Lighting deal sold by Eaton at 7-times trailing EBITDA is "a bit of a concern".
01/03/20
WELS
01/03/20
NO CHANGE
Target $155
WELS
Overweight
Acuity Brands price target raised to $155 from $138 at Wells Fargo
Wells Fargo analyst Deepa Raghavan tells investors in a research note that he remains Overweight rated on Acuity Brands (AYI), Hubbell (HUBB) and Atkore (ATKR) ahead of Q1 results, saying his firm's December checks for lighting and general electrical did not yield a surprise in the context of low seasonality. The analyst, who says he hasn't heard anything in his checks that make him believe this is the worst EPS quarter in recent history, says Acuity Brands likely has upside potential vs. consensus. He raised his price target for Acuity Brands to $155 from $138 and for Hubbell to $160 from $155.
01/06/20
ROTH
01/06/20
NO CHANGE
Target $100
ROTH
Sell
Acuity Brands price target raised to $100 from $95 at Roth Capital
Roth Capital analyst Craig Irwin raised his price target for Acuity Brands to $100 from $95, while keeping a Sell rating on the shares. The analyst notes that expectations for Acuity are low coming into Q1 results following the "ugly" revenue decline in Q4. Irwin believes price-based competition is returning as a margin headwind for Acuity, and hears China importers are outperforming again, suggesting Acuity's fast offers for price variances might not be enough to lift pressure on revenue.
01/06/20
JMPS
01/06/20
NO CHANGE
JMPS
JMP Securities sees 'potential margin upside' for Acuity ahead of Q1 report
JMP Securities analyst Joseph Osha maintained an Outperform rating and $160 price target on Acuity (AYI) ahead of the company's Q1 earnings report. The analyst sees "surprisingly strong industry data that could suggest a better than expected outcome for revenue," but noted that Acuity's management has been "focused on profitability and return measures" as opposed to revenue growth. Osha believes the company will use any environmental improvements to drive higher margins, instead of taking market share, adding that it is "more likely to see higher gross margin and continued tight control of operating expenses, as opposed to any upside in revenue." While Osha believes the company could drive higher earnings growth and valuation through leveraging its strengths, he believes management's focus is on increasing gross margin back to levels from before 2018.

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Lamb Weston

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K

Kellogg

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GIS

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K

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JJSF

J & J Snack Foods

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THS

TreeHouse

$46.83

-0.085 (-0.18%)

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HBM

Hudbay Minerals

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TRQ

Turquoise Hill

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STLD

Steel Dynamics

$32.02

0.11 (0.34%)

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STLD

Steel Dynamics

$32.02

0.11 (0.34%)

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SQ

Square

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0.42 (0.61%)

, BITCOIN

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NVCR

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KHC

Kraft Heinz

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SQ

Square

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QCR Holdings

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CPB

Campbell Soup

$48.56

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CAG

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AMZN

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HAIN

Hain Celestial

$25.48

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