Electrolux (ELUXY) Upgraded by Zacks Investment Research to “Buy”
Electrolux (OTCMKTS:ELUXY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a $73.00 price target on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.37% from the stock’s current price.
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 equities analysts have also issued reports on the company. ValuEngine lowered Electrolux from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Goldman Sachs Group lowered Electrolux from a “buy” rating to a “neutral” rating in a report on Tuesday, September 26th.
Electrolux (OTCMKTS:ELUXY) last released its earnings results on Friday, October 27th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.06. The company had revenue of $3.60 billion during the quarter. Electrolux had a return on equity of 28.66% and a net margin of 4.19%. analysts anticipate that Electrolux will post 4.36 EPS for the current year.
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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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