Jim Cramer on Acuity Inc.: “It Is Really the Best in Show, What It Does”

Acuity Inc. (NYSE:AYI) was among the stocks Jim Cramer highlighted, along with his latest game plan as the oil-shock-driven sell-off continues. Cramer noted the company’s valuation following its stock price decline this year. He commented:

So much of what’s related to housing and construction is slowing down rather quickly. Take the only sizable company that reports on Thursday, Acuity Brands. This is a very important commercial lighting company. Look, you have to light a business, and it is really the best in show, what it does. $8 billion company whose shares now trade, this used to be a premium multiple stock, at less than 14 times earnings, down over 25% for the year. This is a consistent grower. That price-to-earnings multiple suggests that there’s very little hope for acceleration in construction, and construction truly matters. A lot of people are involved in that industry. Bad tell.

A technical stock market chart. Photo by Energepic from Pexels

Acuity Inc. (NYSE:AYI) provides lighting solutions, building management systems, and specialized audio-visual control platforms.

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