Monday U.S. Economic Lookahead S&P U.S. manufacturing PMI (Sept.) ISM manufacturing index (Sept.) Construction spending (Aug.) Motor vehicle sales (Sept.) Featured Earnings Legend Biotech Corporation (NASDAQ: LEGN) (Q3) EPS estimates for loss of 58 cents, compared to a loss of 32 cents in the prior-year quarter. NextDecade Corporation (NASDAQ: NEXT) (Q3) EPS estimates for loss of seven cents, compared to a loss of 13 cents in the prior-year quarter. Azure Power Global Limited (NYSE: AZRE) (Q3) EPS estimates of 22 cents, compared to 19 cents in the prior-year quarter. Canada S&P Global Canada Manufacturing PMI (Sept.) The index fell to 48.7 in August, down from 52.5 in July. Tuesday U.S. Economic Lookahead Job Openings (Aug.) Quits (Aug.) Factory Orders (Aug.) Featured Earnings Acuity Brands Inc. (NYSE: AYI) (Q4) EPS estimates of $3.14, compared to $3.05 in the prior-year quarter. SMART Global Holdings Inc. (NASDAQ: SGH) (Q4) EPS estimates for 49 cents, compared to 93 cents in the prior-year quarter.
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ConAgra (CAG), McCormick (MKC), Helen of Troy (HELE), Constellation Brands (STZ), Levi Strauss (LEVI) and Tilray Brands (TLRY) are among the companies set to report earnings next week.
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Wilmington, September 27 Elon Musk is scheduled to be questioned under oath by Twitter Inc lawyers on Oct. 6-7 as the social media company prepares for a trial next month over the billionaire''s bid to walk away from a $44 billion takeover, according to a Tuesday court filing. Musk''s deposition was originally scheduled for this week but sources close to the litigation said on Monday that the timing of the interview was always subject to change given the fast-tracked nature of the litigation. The two sides are conducting dozens of depositions and reviewing thousands of documents and communications in preparation for the five-day trial starting Oct. 17 in Wilmington, Delaware. Later on Tuesday, Twitter will ask Chancellor Kathaleen McCormick to punish Musk, who is chief executive of automotive company Tesla Inc, for his legal team''s alleged disregard of court orders to turn over Musk''s messages about his decision to end the deal. Musk''s response to Twitter''s motion was filed under seal. His lawyers have said in the past that the social media company was accusing Musk of withholding documents and messages to distract the court from the company''s own discovery abuses.
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Plus other market news and why Casey''s General Stores and McCormick are worth a look from investors.
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McCormick has been a solid long-term value creator. Read why I think that it is far too early to get involved with MKC stock despite the fall in share price.
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Canada Pension Plan Investment Board reduced its stake in McCormick & Company, Incorporated by 33.2% during the 1st quarter, according to the company in its most recent 13F…
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U.S. stocks closed higher with the Dow Jones surging around 193 points on Thursday. Here is the list of some big stocks moving lower in the previous session. Globalstar, Inc. (NYSE: GSAT ) fell 18.9% to settle at $1.67 amid possible profit taking. The stock gained on Wednesday after the company announced it will be the satellite operator for Apple satellite-enabled services. Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ: SHPH ) fell 15.5% to close at $30.76. Bilibili Inc. (NASDAQ: BILI ) fell 15% to close at $20.07 following Q2 results. Skillsoft Corp. (NYSE: SKIL ) fell 14.9% to close at $2.29 after the company posted downbeat quarterly sales and authorized a $30 million share buyback. Dave & Buster''s Entertainment, Inc. (NASDAQ: PLAY ) dropped 14.2% to close at $37.72. While the company reported better-than-expected Q2 results, operating income … Full story available on Benzinga.com
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At the close of the New York Stock Exchange, the Dow Jones rose 0.61%, the S&P 500 rose 0.66% and the NASDAQ Composite rose 0.60%. Salesforce.com Inc was the leading gainer among the components of the Dow Jones index today, up 3.62 points or 2.36% to close at 156.90. JPMorgan Chase & Co rose 2.70 points or 2.33% to close at 118.60. Goldman Sachs Group Inc rose 4.82 points or 1.46% to close at 335.38. The losers were 3M Company shares, which lost 1.28 points or 1.06% to end the session at 119.27. Apple Inc was up 1.51 points (0.97%) to close at 154.45, while Honeywell International Inc was down 1.27 points (0.67%) to close at 187. 82. Leading gainers among the S&P 500 index components in today''s trading were Regeneron Pharmaceuticals Inc, which rose 18.85% to 708.85, Freeport-McMoran Copper & Gold Inc, which gained 7.89% to close at 30 .62, as well as shares of Invesco Plc, which rose 4.77% to close the session at 17.36. The biggest losers were McCormick & Company Incorporated, which shed 6.71% to close at 79.30.
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RIVN rose on a key partnership. SNAP climbed on the leak of an internal memo. REGN reported strong clinical trial data. MKC fell on earnings news.
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The following slide deck was published by McCormick & Company, Incorporated in conjunction with this event.
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The following slide deck was published by McCormick & Company, Incorporated in conjunction with this event.
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VICTOR, N.Y., Aug. 25, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President …
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Constellation Brands'' donation supports The Nature Conservancy''s Global Resilient Watersheds program and innovative dynamic water management programs, demonstrating the company''s broader ESG commit…
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Constellation Brands’ donation supports The Nature Conservancy’s Global Resilient Watersheds program and innovative dynamic water management programs, demonstrating the company’s broader ESG commitment to water replenishment and sustainability. VICTOR, N.Y., Aug. 24, 2022 (GLOBE…
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Morgan Stanley reiterated an Overweight rating on Constellation Brands (STZ) after scanner data came in blazing hot again. Read more.
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Related Stocks: CS , HUM , AMZN , KDP , STZ ,
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Constellation Brands found using ticker (STZ) have now 20 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 315 and 240 calculating the mean target price we have 275.4. Now with the previous closing price of 243.73 this would imply there is a potential upside of 13.0%. The 50 day moving average now sits at 241.25 and the 200 day moving average is 236.99. The company has a market capitalisation of $47,055m. Find out more information at: https://www.cbrands.com [stock_market_widget type="chart" template="basic" color="green" assets="STZ" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $53,169m based on the market concensus. Constellation Brands, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.
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U.S. stocks traded slightly lower this morning, with the Dow Jones dropping around 40 points on Monday. The Dow traded down 0.12% to 33,719.99 while the NASDAQ fell 0.28% to 13,011.21. The S&P also fell, dropping, 0.30% to 4,267.13. Also check this: Market Volatility Decreases As S&P 500 Notches Gains For 4th Straight Week Leading and Lagging Sectors Consumer staples shares climbed 0.7% on Monday. Meanwhile, top gainers in the sector included The Hershey Company (NYSE: HSY ), up 2% and Constellation Brands, Inc. (NYSE: STZ ) up 1.2%. In trading on Monday, energy shares fell by 3.8%. Top Headline The New York Empire State Manufacturing Index fell to -31.3 in August, notching the weakest reading since May 2020. Equities Trading UP Sunrise New Energy Co. Ltd. (NASDAQ: EPOW) shares shot up 143% to $5.01. Sunrise New Energy said that the company changed its name from Global Internet of the People, Inc. to Sunrise New Energy effective as of August 10, 2022. Shares of Viridian Therapeutics, Inc. (NASDAQ: VRDN ) got a boost, shooting 60% to $23.45 after the company …
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Related Stocks: TGT , BKNG , STZ , HD , BALL ,
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Northern Mexico Runs Out Of Water, May Impact Beer Production Extreme drought in northern Mexico has sparked a water crisis. President Andres Manuel Lopez Obrador addressed the beer industry in the region to shift production elsewhere because of sustainability factors, reported Bloomberg . The water crisis is particularly critical in Monterrey, one of Mexico''s most important economic hubs and home to some of the largest beermakers in the world, such as Heineken NV. Some neighborhoods in Monterrey have been without water for nearly three months, and Heineken''s facility has suffered as waterways dry up. Residents have protested commercial districts due to their oversized demand for local water. Monterrey Mexico is having a water crisis. Protestors blocked traffic. Looks like America will need more warehouses. International supply chains are not predictable. pic.twitter.com/olKErrFRpP — Daniel Spenrath (@Daniel_Spenrath) June 24, 2022 Lopez Obrador said the government would support a transition of the beer industry from the northern part of the country to the south or southeast, where water supplies are more abundant. "This is not to say we won''t produce any more beer, it''s to say that we won''t produce beer in the north -- that''s over," the president said Monday at a daily press conference. "If they want to keep producing beer, increasing production, then all the support for the south or southeast." Lopez Obrador said Constellation Brands is the perfect example of how his administration directed the brewer to halt the construction of a beer plant in the border city of Mexicali because of water shortages.
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Related Stocks: PLD , ISRG , AEP , STZ , ROK ,
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NEW YORK , Aug. 9, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for MU, STZ, NVAX, MCK, and CI. … Full story available on Benzinga.com
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Evercore ISI weighed in on Constellation Brands (STZ) after the stock fell almost 4% on Monday after comments from President Obrador of Mexico. Read more.
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ClearBridge Investments, an investment management company, released its “ClearBridge Select Strategy” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund underperformed its benchmark index. Stocks from IT, healthcare, industrials, and consumer discretionary posted losses during the quarter, however stocks from consumer staples and financials […]
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Constellation Brands (NYSE: STZ ) has outperformed the market over the past 20 years by 6.96% on an annualized basis producing an average annual return of 14.95%. Currently, Constellation Brands has a market capitalization of $46.56 billion. Buying $100 In STZ: If … Full story available on Benzinga.com
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Constellation Brands decided to eliminate class B shares to enhance capital structure. See why I assign a buy recommendation for STZ stock.
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https://www.investing.com/news/pro/constellation-brands-filing-essentially-confirms-prior-monster-beverage-takeover-talks-432SI-2860691
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Canopy Growth Announces Industry Veteran Christelle Gedeon As New Chief Legal Officer Canopy Growth Corporation (“Canopy Growth” or “the Company”) (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, hemp, and cannabis device company, is pleased to announce that the appointment of Christelle Gedeon, Ph.D., as the Company’s new Chief Legal Officer. Named one of Canada’s Law Department Leaders of the Year and listed on the Legal 500 GC Powerlist in 2020, and the 2019 Canadian General Counsel Awards Tomorrow’s Leader, Christelle is an accomplished commercial lawyer and strategist with more than a decade of legal and strategic experience including most recently as the Chief Legal Officer and Corporate Secretary for The Metals Company (TMC). Prior to this, she served as the Chief Legal Officer and Corporate Secretary at Aphria, Inc., where she oversaw the reverse takeover of Tilray, Inc. “Christelle is a proven leader in the legal and cannabis industries, and we are excited to have her join Canopy Growth as we continue to build the leading brand-driven cannabis company in North America,” said David Klein, CEO of Canopy Growth. “As a company, we have set clear priorities including achieving profitability while advancing our competitive positioning through a premium focus in Canada, high-impact CPG brands, and the continued growth of our U.S.
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BMO Capital Markets started off coverage on Constellation Brands (STZ) with an Outperform rating as it pointed to strong beer trends for key brands Modelo and Corona in the U.S. Read more.
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Currently, Constellation Brands Inc.’s (STZ) stock is trading at $246.99, marking a gain of 0.27% from last night’s close. At this price, the stock is -5.56% below its 52-week high of $261.52 and 19.12% above its 52-week low of $207.35. Based on the past 30-day period, the stock price is -1.64% below the high and […]
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In this article, we discuss 5 beverage stocks to buy now despite economic headwinds. If you want to see more stocks on this list, check out “Preferred Sector”: 10 Beverage Stocks to Buy Now Despite Economic Headwinds. 5. Constellation Brands, Inc. (NASDAQ:STZ) Number of Hedge Fund Holders: 41 Constellation Brands, Inc. (NASDAQ:STZ) is a New […]
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The marijuana industry got hammered on the stock market last year due to regulatory hiccups. However, recent developments point to a more encouraging future. Nevertheless, the current macro-environment has played spoilsport leading to a massive sell-off in marijuana stocks. Hence, it has created an interesting buying opportunity for investors to pick up marijuana stocks to buy on the dip. The marijuana sector is likely to expand at an annual growth rate of roughly 25.5% through 2030, and investors are looking to profit. As more states and nations legalize cannabis, more opportunities will emerge for current business owners and entrepreneurs. Therefore, there’s plenty of upside potential with investing in the sector and for users to effectively diversify their portfolio. 7 Dividend Stocks to Buy on the Dip Here are seven marijuana stocks to buy on the dip. STZ Constellation Brands $246.74 TCNNF Trulieve Cannabis $12.80 HITI High Tide $1.42 GTBIF Green Thumb Industries $9.39 GRWG GrowGeneration $4.74 PLNHF Planet 13 Holdings $1.86 CURLF Curaleaf Holdings $5.59 Constellation Brands (STZ) Source: IgorGolovniov / Shutterstock Constellation Brands (NYSE: STZ ) is an alcoholic beverages giant that operates one of the most diverse product portfolios in the space.
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The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Constellation Brands is now the #58 analyst pick, moving up by 2 spots.
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The ETFMG Alternative Harvest ETF (NYSEARCA: MJ ) finished June down 19.6%, more than double the decline of the S&P 500 , which lost 8.4% on the month. In turn, the best marijuana stocks to buy got a lot cheaper in June. Overall, it’s been a tough year for the cannabis industry. MJ stock has lost 44% year-to-date (or YTD). and the AdvisorShares Pure US Cannabis ETF (NYSEARCA: MSOS ) has done even worse, down just over 50% YTD. Benzinga recently produced a chart that shows large cannabis multi-state operators (MSOs) have an enterprise value to EBITDA (earnings before interest, taxes, depreciation and amortization) of 5 times, cheaper than 11 other major industries, including healthcare products, hotel/gaming, and food processing. Not only are large cannabis MSOs cheap on an EV/EBITDA basis, but the expected growth in revenue between 2021 and 2023 is higher than all but one other industry mentioned in Benzinga’s chart. 7 Best Small-Cap Growth Stocks to Buy Now So, between legalization initiatives in various states and an ongoing consolidation movement, an excellent place to start for the best marijuana stocks to buy is the large MSOs.
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WILMINGTON, Del.--(BUSINESS WIRE)--Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential securities violations and breach of fiduciary duty claims against Constellation Brands, Inc. (NYSE: STZ) (“Constellation Brands” or the “Company”). If you currently own shares of Constellation Brands and want to receive additional information and protect your investments free of charge, please visit us at http://ww
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The CONSTELLATION BRANDS INC POLITICAL ACTION COMMITTEE successfully filed their F3XN JULY QUARTERLY with the coverage period of 04/01/2022 to 06/30/2022 and a confirmation ID of FEC-1612072 *********CommitteeId: C00304832 | FilingId: 1612072 | FormType: F3XN | CoverageFrom: 04/01/2022 | CoverageThrough: 06/30/2022 | ReportType: JULY QUARTERLY*********
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NEW YORK , July 14, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TWTR, STZ, JPM, PEP, and AAPL. … Full story available on Benzinga.com
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Constellation Brands''s (NYSE: STZ ) short percent of float has risen 15.76% since its last report. The company recently reported that it has 2.96 million shares sold short , which is 1.91% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.9 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price … Full story available on Benzinga.com
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In our flagship investment research advisory Innovation Investor , we spend a lot of time talking about the technological megatrends that will reshape our lives over the next few years and generate enormous economic value for their investors along the way. We call those world-changing megatrends . And we believe investing in the best companies in them is the greatest way to generate excellent multi-year returns. Today, however, I’d like to talk about something else — the opposite, in fact. I want to talk about a technological trend that some think is a world-changing megatrend. But it’s actually little more than a passing fad… Source: gvictoria / Shutterstock.com A “fake” megatrend, as we like to call it. I’m referring to cannabis . There’s this idea floating around some circles that cannabis stocks will score investors huge gains in the 2020s. They anticipate that marijuana becomes the next alcohol. And they believe brands growing cannabis will turn into the next Corona, Budweiser ( BDWBY ), Guinness, etc.
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The beer business is outperforming many of its rivals.
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Canopy Growth Corporation (NASDAQ: CGC ) entered into a privately negotiated exchange agreement last week with a holder of the company''s outstanding 4.25% unsecured senior notes due in 2023, to secure roughly CA$255.4 million ($198 million) aggregate principal amount of the notes from the noteholders in exchange for common shares of the company and approximately CA$3 million ($2.35 million) in cash for accrued and unpaid interest. The company’s stock plunged 21.7%, following the announcement. On Friday, the Canadian cannabis giant entered into an additional agreement with a holder of the company''s outstanding 4.25% unsecured senior notes to secure roughly $5.7 million in financing. The followed Canopy’s expansion of its cannabis beverage portfolio by launching its new Just Hits Different brand campaign. Year-to-date, the stock declined by 71.72%. The Analyst Cantor Fitzgerald’s Pablo Zuanic lowered the price target on Canopy’s stock to CA$3.75 … Full story available on Benzinga.com
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FinancialNewsMedia.com News Commentary PALM BEACH, Fla. , July 6, 2022 /PRNewswire/ -- The energy drinks market is on the way towards offering technological advancements that are gaining major popularity amongst the youngsters. Owing to certain health benefits like muscle and cardiovascular development has a positive tomorrow for the market. People are increasing their consciousness towards their health and hence, bringing about changes in their lifestyle. Also, there is an increase in awareness amongst the target audience related to the wellness products that help in understanding the positive impacts that these energy drinks and other products offer. Energy drinks are consumed in the form of a beverage and have a high concentration of taurine, stimulants, caffeine, guarana, and ginseng amongst others. As the name suggests, they are recognized as helping in enhancing physical performance and improvise mental alertness. Energy drinks are available in both carbonated and non-carbonated forms.
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Monday''s top analyst upgrades and downgrades included Canopy Growth, Constellation Brands, Equifax, FedEx, Franklin Resources, Micron Technology, Paramount Global, RH and T-Mobile.
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Constellation Brands, Inc. (NYSE: STZ) is a producer of beer, wine, and spirits. The New York-based company also markets and sells its manufactured and imported products in the United States and internationally. Its popular beer brands are Modelo, Pacifico, and Corona, while its wine and spirits offerings include Robert Mondavi Winery and High West Whiskey. In the last five fiscal years (2018-2022), the revenues of Constellation Brands have increased by 3.1% CAGR. The beer business accounted for 76.6% of revenues in Fiscal 2022 (ended February 28, 2022), higher than 61.5% in Fiscal 2018. Shares of this $44.8-billion company have increased 21.7% in the past five years.
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Constellation Brands found using ticker (STZ) have now 21 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 305 and 225 with the average target price sitting at 271.14. Given that the stocks previous close was at 233.06 this is indicating there is a potential upside of 16.3%. There is a 50 day moving average of 243.01 and the 200 moving average now moves to 232.79. The market cap for the company is $44,863m. Company Website: https://www.cbrands.com [stock_market_widget type="chart" template="basic" color="green" assets="STZ" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $52,193m based on the market concensus. Constellation Brands, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.
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Canopy Growth’s BioSteel Sports Names President Canopy Growth Corp. ’s (NASDAQ: CGC ) BioSteel Sports Nutrition Inc. has tapped Bruce Jacobson to serve as its president. Together with co-founders John Celenza and Michael Cammalleri, Jacobson will be responsible for accelerating the growth of BioSteel into a top-4 sports hydration company. Jacobson joins BioSteel with a wealth of experience from the beverage industry. He is an experienced brand builder and business strategist who has led organizations to best-in-class growth and market dominance. “With deep experience building brands, driving profitability, developing distribution strategies, and leading cross-functional teams, we are confident that Bruce will complement and enhance the capabilities of the current leadership team and further advance BioSteel’s standing in the market,” David Klein , CEO of Canopy Growth said. Jacobson previously served on the advisory board and as a chief operating officer of an alcohol seltzer company.
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Constellation Brands (NYSE: STZ ) has outperformed the market over the past 15 years by 10.13% on an annualized basis producing an average annual return of 16.32%. Currently, Constellation Brands has a market capitalization of $42.81 billion. Buying $1000 In STZ: If … Full story available on Benzinga.com
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Constellation Brands (STZ) gained on Friday after analysts backed the upside for the stock, despite some earnings day jitters from investors
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Planning for retirement can feel overwhelming in bear markets, but these seven retirement stocks can provide a boost to savings. Caterpillar ( CAT ): The heavy equipment manufacturer is enjoying strong demand for products. Constellation Brands ( STZ ): Introduced a new line of pre-mixed cocktails for consumers entertaining at home. Caterpillar ( CAT ): The heavy-equipment manufacturer is enjoying strong demand for its portfolio. Enbridge ( ENB ): The fee-based business generates roughly $2 billion in excess cash flows. GSK ( GSK ): The pharma giant is one step closer to introducing a vaccine for respiratory syncytial virus (RSV). Johnson & Johnson ( JNJ ): The cash cow could appeal to investors who expect the healthcare industry to outperform the broader market in recessionary times. Oracle ( ORCL ): The acquisition of a healthcare data management company is likely to contribute to top line growth. State Street ( STT ): Was recently selected to administer a new Ethereum ( ETH-USD ) fund in Australia.
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Acuity Brands Wobbles After Strong Q3 Results Acuity Brands (NYSE:AYI) has been in a downtrend for the last two quarters for no other reason than fear of slowing growth, tightening margins, and earnings weakness but those fears were overblown. The move downward was driven in large part by institutions that were selling heavily in the […]
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Building systems maker Acuity Brands (AYI) recently released its earnings report. The news was good by all accounts. However, success for Acuity here will depend on a lot of things going just right, and that''s usually not a strategy to count on succeeding. Therefore, I''m neutral on AYI and will not be joining in on buying the stock. While Acuity is somewhat narrow in its focus—it mainly produces systems in lighting controls and building management operations—it still has a decent value proposition, going forward. With a few minor adjustments to its marketing, it may be able to position itself well going into a likely recession.
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Source: T. Schneider / Shutterstock Canopy Growth (NASDAQ: CGC ) stock is falling on Thursday following an update that Constellation Brands (NYSE: STZ ) has reached an agreement to eliminate its Class B shares . This agreement was suggested by a committee made up of independent directors from Constellation’s Board. That has the company’s Board advising shareholders to vote in favor of eliminating its Class B shares. Constellation Brands says that this agreement was reached with members of the Sands Family. If approved, it would result in Class B shareholders having to trade in their stock for cash or a mix of stock and cash. The company is offering up to $1.5 billion in cash, or one share of STZ stock and $64.64 in cash for each share of Class B stock converted. So what does this have to do with Canopy Growth? Constellation Brands owns a large stake in the marijuana company. With the change in how its shares are listed, shares of CGC stock are sliding as well. But there’s more to it than that.
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Acuity Brands with ticker code (AYI) now have 8 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 250 and 187 calculating the mean target price we have 209. Now with the previous closing price of 146.36 this is indicating there is a potential upside of 42.8%. The 50 day moving average now sits at 170.12 while the 200 day moving average is 189.06. The company has a market capitalisation of $5,349m. Company Website: https://www.acuitybrands.com [stock_market_widget type="chart" template="basic" color="green" assets="AYI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $7,638m based on the market concensus. Acuity Brands provides lighting and building management solutions in North America and internationally. The company operates through two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Sunoptics, eldoLED, nLight, Sensor Switch, IOTA, A-Light, Cyclone, Eureka, Lumniaire LED, Luminis, Dark to Light, and RELOC Wiring Solutions brands.
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Acuity Brands (AYI) stock closed 5.6% lower at $146.36 on Thursday, after William Blair downgraded the lighting and building materials company to market perform, citing…
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Upgrades According to HSBC, the prior rating for KE Holdings Inc (NYSE: BEKE ) was changed from Hold to Buy. KE Holdings earned $0.00 in the first quarter, compared to $0.19 in the year-ago quarter. The current stock performance of KE Holdings shows a 52-week-high of $52.55 and a 52-week-low of $7.31. Moreover, at the end of the last trading period, the closing price was at $16.47. According to Raymond James, the prior rating for Frontier Group Holdings Inc (NASDAQ: ULCC ) was changed from Market Perform to Outperform. For the first quarter, Frontier Group Holdings had an EPS of $0.50, compared to year-ago quarter EPS of $0.86. The stock has a 52-week-high of $19.11 and a 52-week-low of $8.19. At the end of the last trading period, Frontier Group Holdings closed at $9.82. According to Raymond James, the prior rating for Southwest Airlines Co (NYSE: LUV ) was changed from Outperform to Strong Buy. In the first quarter, Southwest Airlines showed an EPS of $0.32, compared to $1.72 from the year-ago quarter.
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Acuity Brands, Inc. (AYI) shares closed 2.3% lower than its previous 52 week low, giving the company a market cap of $5B. The stock is currently down 25.2% year-to-date, down 15.2% over the past 12 months, and down 8.8% over the past five years. This week, the Dow Jones Industrial Average fell 7.2%, and the S&P 500 fell 8.7%. Trading Activity Trading volume this week was 27.6% higher than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 6.0% The company's stock price performance over the past 12 months beats the peer average by -59.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 146.2% higher than the average peer.
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