Current value of outstanding shares stand at $7223.98 M , further Is a major Technology with a strong market cap. Stocks in past few days tried but failed to hit fresh high due to 1.45 Beta.
Currently the Technology index is trading at 15979.08 with -0.33 changeSupported by a up-down ratio of 0.79x, total MFI closed at $-1723.75mn, however markets has seen a steady recovery backed by $-1673.61mn in block trades of which $2627.26mn saw bearish sentiment, while $953.64 were positive flow .
Acuity Brands, Inc. current short-term liquidity position is solid , however Quick ratio of $1.5 indicates there is surplus cash on hand to pay bills and keep going . Another key indicator which makes the company attractive investment opportunities, is a high return on ROE , which currently is at 19.10%.
Upturn potential has to be refined to justify stock values, Company with consensus estimate 20.0% has enough momentum to build on present PE 23.19. AYI liquidity or ability to pay off short-term debts stands at 2.1.
As stocks remain below 52 eek high at -28.64%, market analyst expects stock to move higher on the back of better business prospects . Business are now notable , important support and resistance levels..
Analysts believe change in tec scape could put Acuity Brands, Inc. at a snag , however talking about 23.19 PE company is above sector . Analysts feel that the investors are right in maintaining positions even though asset is trading below the 200 day simple moving average by -3.66%.
Improving ROA, means operating margins and profitability yield ratios seems to be on cards of course currently Acuity Brands, Inc. earns 11.10% on profit, which seems right for the Technology sector .
The relative strength index for the company trading in the no trade zone indicating of sideways price moves in the future , indicating that with RSI at 56.63 stocks are beginning to show relative strength again in long term .
Market Value per Share of 23.19 is supported by high interest of traders in Diversified Electronics industry . However forward price to earnings still comes -4.24 below sector Technology .
Business current value to street firms projected growth in PEG is above average at 1.16. Acuity Brands, Inc. PEG ratio stands at just 1.16, compared with the sector average growth of 1.86. This suggests a decent returns relative to its earnings growth potential right now.
Current trends in Technology sector point towards a better than anticipated results . Acuity Brands, Inc. price comparative to this fiscal earnings is 17.73x, asset price might not outperform in future, the expected price to growth based on FY2017 pattern is slightly below than historical average .
Analyst forcast Acuity Brands, Inc. EPS to drop of 7.78% by next year , and with AYI earnings to price expected to rise at 12.10% investors can initiate early buy before the stock becomes too hot .