AB Electrolux (publ) (OTCMKTS:ELUXY) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of AB Electrolux (publ) (OTCMKTS:ELUXY) from a strong sell rating to a hold rating in a research report report published on Tuesday, Zacks.com reports.

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. “

Other analysts also recently issued research reports about the company. Morgan Stanley reiterated an equal weight rating on shares of AB Electrolux (publ) in a research report on Friday, September 17th. Pareto Securities upgraded AB Electrolux (publ) from a hold rating to a buy rating in a research report on Wednesday, July 21st. JPMorgan Chase & Co. reissued an underweight rating on shares of AB Electrolux (publ) in a report on Wednesday, July 21st. Finally, Cheuvreux cut AB Electrolux (publ) from a hold rating to a reduce rating in a report on Wednesday, July 21st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $59.53.

Shares of OTCMKTS:ELUXY opened at $47.62 on Tuesday. The business has a 50 day moving average price of $50.68 and a 200 day moving average price of $54.63. AB Electrolux has a twelve month low of $43.88 and a twelve month high of $60.87. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 1.61 and a beta of 1.26. The company has a quick ratio of 0.69, a current ratio of 0.99 and a debt-to-equity ratio of 0.47.

AB Electrolux (publ) (OTCMKTS:ELUXY) last announced its quarterly earnings data on Monday, July 19th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.10). AB Electrolux (publ) had a return on equity of 36.23% and a net margin of 5.69%. The firm had revenue of $3.60 billion during the quarter. Analysts anticipate that AB Electrolux will post 4.41 EPS for the current year.

About AB Electrolux (publ)

Electrolux AB engages in the manufacturing of home and professional appliances. It operates through the following business segments: Europe; North America; Latin America; and Asia-Pacific, Middle East and Africa. The company was founded by Axel Wenner-Gren on August 1, 1919 and is headquartered in Stockholm, Sweden.

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Analyst Recommendations for AB Electrolux (publ) (OTCMKTS:ELUXY)

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