Luxottica Group S.p.A. Given Average Recommendation of “Hold” by Brokerages (NYSE:LUX)
Luxottica Group S.p.A. (NYSE:LUX) has received an average recommendation of “Hold” from the eight brokerages that are covering the stock, AnalystRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on 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) opened at 53.27 on Thursday. Luxottica Group S.p.A. has a one year low of $48.59 and a one year high of $59.17. The stock has a 50-day moving average of $55.4 and a 200-day moving average of $55.56. The company has a market cap of $25.404 billion and a P/E ratio of 33.98.
Luxottica Group S.p.A. (NYSE:LUX) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.01. Analysts expect that Luxottica Group S.p.A. will post $1.92 EPS 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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