Electrolux (ELUXY) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Electrolux (OTCMKTS:ELUXY) from a hold rating to a buy rating in a research note released on Thursday, January 11th. The brokerage currently has $73.00 price target on the stock.

According to Zacks, “Electrolux AB manufactures appliances and outdoor and industrial products. The Company produces household and commercial appliances, vacuum cleaners and other floor care machines, sewing machines, chain saws, lawn mowers, weed eaters, aluminum extrusions, conveyor systems and archive systems and recycles scrap metals and waste paper. Products are sold in Europe, North America and Asia. “

Several other brokerages also recently commented on ELUXY. Goldman Sachs Group downgraded Electrolux from a buy rating to a neutral rating in a report on Tuesday, September 26th. ValuEngine downgraded Electrolux from a buy rating to a hold rating in a research note on Friday, December 1st.

Shares of Electrolux (OTCMKTS:ELUXY) traded down $1.56 during mid-day trading on Thursday, reaching $64.54. The company had a trading volume of 3,614 shares, compared to its average volume of 4,361. Electrolux has a fifty-two week low of $51.16 and a fifty-two week high of $72.89. The company has a market capitalization of $9,920.00, a PE ratio of 14.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.99 and a quick ratio of 0.69.

Electrolux (OTCMKTS:ELUXY) last announced its earnings results on Friday, October 27th. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.06. Electrolux had a return on equity of 28.66% and a net margin of 4.19%. The business had revenue of $3.60 billion during the quarter. sell-side analysts expect that Electrolux will post 4.52 EPS for the current year.

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About Electrolux

AB Electrolux provides household appliances and appliances for professional use. The Company offers designs and sustainable solutions, under brands including Electrolux, AEG, Zanussi and Frigidaire. The Company’s segments include Major Appliances Europe, Middle East and Africa; Major Appliances North America; Major Appliances Latin America; Major Appliances Asia/Pacific; Small Appliances and Professional Products.

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