Zacks: Electrolux AB (NASDAQ:ELUXY) Given Consensus Recommendation of “Hold” by Brokerages
Electrolux AB (NASDAQ:ELUXY) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Analysts have set a twelve-month consensus price objective of $55.49 for the company, according to Zacks. Zacks has also given Electrolux AB an industry rank of 246 out of 265 based on the ratings given to its competitors.
A number of research firms have commented on ELUXY. Royal Bank Of Canada cut Electrolux AB from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 21st. Morgan Stanley cut Electrolux AB from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 21st. Zacks Investment Research upgraded Electrolux AB from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Finally, RBC Capital Markets cut Electrolux AB from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 21st.
Electrolux AB (NASDAQ:ELUXY) opened at 47.84 on Monday. The firm has a 50-day moving average price of $51.61 and a 200 day moving average price of $52.75. The company has a market capitalization of $6.87 billion and a P/E ratio of 23.00. Electrolux AB has a 1-year low of $41.22 and a 1-year high of $62.54.
Electrolux AB Company Profile
Electrolux AB is a Sweden-based company engaged in producing home appliances. The Company operates through two business areas: consumer durables, which includes its five segments: Major Appliances Europe, Middle East and Africa, Major Appliances North America, Major Appliances Latin America, Major Appliances Asia/ Pacific, and Small Appliances, and professional products business, which includes the Company’s Professional Products segment.
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