Electrolux (ELUXY) Rating Increased to Buy at Zacks Investment Research
Electrolux (OTCMKTS:ELUXY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm currently has a $73.00 price target on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.41% from the stock’s previous close.
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 firms have also commented on ELUXY. Goldman Sachs Group lowered Electrolux from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 26th. ValuEngine lowered Electrolux from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Electrolux (OTCMKTS:ELUXY) last issued its earnings results on Friday, October 27th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.06. The business had revenue of $3.60 billion for the quarter. Electrolux had a return on equity of 28.66% and a net margin of 4.19%. equities research analysts forecast that Electrolux will post 4.36 EPS 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
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