Electrolux (ELUXY) Upgraded 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 research note issued on Thursday. The brokerage currently has a $73.00 target price on the stock. Zacks Investment Research‘s price objective indicates 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 issued reports 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.

Shares of Electrolux (OTCMKTS ELUXY) traded up $0.10 on Thursday, reaching $64.94. The company’s stock had a trading volume of 3,804 shares, compared to its average volume of 4,716. The company has a market cap of $10,140.00, a price-to-earnings ratio of 15.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.99 and a quick ratio of 0.69. Electrolux has a 52-week low of $48.35 and a 52-week high of $72.89.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings results on Friday, October 27th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.06. Electrolux had a return on equity of 28.66% and a net margin of 4.19%. The business had revenue of $3.60 billion for the quarter. equities analysts forecast that Electrolux will post 4.36 earnings per share for the current fiscal year.

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Electrolux Company Profile

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.

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