Luxottica Group SpA (LUX) Earning Favorable Media Coverage, Analysis Finds
News stories about Luxottica Group SpA (NYSE:LUX) have trended positive on Monday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Luxottica Group SpA earned a news impact score of 0.43 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
Luxottica Group SpA (LUX) opened at 60.90 on Monday. Luxottica Group SpA has a 52 week low of $44.85 and a 52 week high of $62.57. The company’s 50-day moving average price is $59.78 and its 200-day moving average price is $55.24.
LUX has been the subject of a number of recent analyst reports. Zacks Investment Research raised Luxottica Group SpA from a “sell” rating to a “hold” rating in a research note on Saturday, May 6th. Morgan Stanley raised Luxottica Group SpA from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Luxottica Group SpA has a consensus rating of “Hold” and a consensus price target of $49.00.
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Luxottica Group SpA Company Profile
Luxottica Group S.p.A. is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. The Company operates through two segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products.
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