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Acuity Brands Inc. (AYI - Free Report) was a big mover last session, as the company saw its shares rise over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $162.91 to $183.06 in the past one-month time frame.
The move came after the company reported solid third-quarter fiscal 2017 results.
The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Acuity Brands. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Acuity Brands currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Is AYI going up? Or down? Predict to see what others think: Up or Down
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
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Acuity Brands (AYI) Jumps: Stock Rises 10.5%
Acuity Brands Inc. (AYI - Free Report) was a big mover last session, as the company saw its shares rise over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $162.91 to $183.06 in the past one-month time frame.
The move came after the company reported solid third-quarter fiscal 2017 results.
The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Acuity Brands. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Acuity Brands currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Acuity Brands Inc Price and Consensus
Acuity Brands Inc Price and Consensus | Acuity Brands Inc Quote
Another stock worth considering in the Construction sector is Tecogen Inc. (TGEN - Free Report) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is AYI going up? Or down? Predict to see what others think: Up or Down
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>