Luxottica Group S.p.A. Receives Average Recommendation of “Hold” from Analysts (NYSE:LUX)
Shares of Luxottica Group S.p.A. (NYSE:LUX) have received a consensus rating of “Hold” from the eight brokerages that are covering the stock, Stock Ratings Network.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $42.00.
Separately, analysts at Goldman Sachs upgraded shares of Luxottica Group S.p.A. from a “sell” rating to a “neutral” rating in a research note on Thursday.
Shares of Luxottica Group S.p.A. (NYSE:LUX) traded up 0.54% during mid-day trading on Thursday, hitting $53.89. 12,188 shares of the company’s stock traded hands. Luxottica Group S.p.A. has a one year low of $48.59 and a one year high of $59.17. The stock’s 50-day moving average is $55.70 and its 200-day moving average is $55.56. The company has a market cap of $25.699 billion and a price-to-earnings ratio of 33.86.
Luxottica Group S.p.A. (NYSE:LUX) last released its earnings data on Friday, July 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. On average, analysts predict that Luxottica Group S.p.A. will post $1.92 earnings per share for the current fiscal year.
Luxottica Group S.p.A. is an Italy-based company engaged in the design, manufacture and distribution of prescription frames and sunglasses in the mid-and premium-price categories.
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