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Acuity Brands (AYI) Looks Good: Stock Adds 5.2% in Session

Zacks Equity Research
·2 min read

Acuity Brands, Inc. AYI was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is down 13% in the past one-month time frame.

The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Acuity Brands currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Acuity Brands Inc Price

Acuity Brands Inc Price
Acuity Brands Inc Price

Acuity Brands Inc price | Acuity Brands Inc Quote

A better-ranked stock in the Building Products – Lighting industry is Energy Focus, Inc. EFOI, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

This young company’s gigantic growth was hidden by low-volume trading, then cut short by the coronavirus. But its digital products stand out in a region where the internet economy has tripled since 2015 and looks to triple again by 2025.

Its stock price is already starting to resume its upward arc. The sky’s the limit! And the earlier you get in, the greater your potential gain.

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