Electrolux (ELUXY) Raised to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Electrolux (OTCMKTS:ELUXY) from a sell rating to a hold rating in a research note issued to investors on Monday.
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 research analysts have also recently commented on the stock. ValuEngine cut shares of Electrolux from a buy rating to a hold rating in a research report on Friday, December 1st. Goldman Sachs Group cut shares of Electrolux from a buy rating to a neutral rating in a research report on Tuesday, September 26th.
Electrolux (OTCMKTS:ELUXY) last posted its earnings results on Friday, October 27th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.15 by $0.06. Electrolux had a net margin of 4.19% and a return on equity of 28.66%. The firm had revenue of $3.60 billion during the quarter. sell-side analysts forecast that Electrolux will post 4.36 earnings per share for the current year.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Electrolux Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrolux and related companies with MarketBeat.com's FREE daily email newsletter.