Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Acuity Brands Inc. (NYSE: AYI) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Acuity Brands Inc. (NYSE: AYI) stock declined modestly by -1.5% on 4/8/24. The stock closed at $267.83. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AYI is expected to continue to be a major Value Builder.
Acuity Brands has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Acuity Brands has a slightly negative Appreciation Score of 30 but a very high Power Rating of 98, resulting in the Positive Value Trend Rating.
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