Electrolux AB (ELUXY) Stock Rating Lowered by Zacks Investment Research
Electrolux AB (NASDAQ:ELUXY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.
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 analysts also recently commented on the company. Goldman Sachs Group Inc. raised Electrolux AB from a “neutral” rating to a “buy” rating in a research note on Thursday, October 6th. Royal Bank Of Canada downgraded Electrolux AB from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 21st. Morgan Stanley downgraded Electrolux AB from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 21st. Finally, RBC Capital Markets downgraded Electrolux AB from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold”.
Electrolux AB (NASDAQ:ELUXY) opened at 48.51 on Monday. The firm has a market cap of $6.97 billion and a PE ratio of 23.57. The company’s 50 day moving average price is $49.59 and its 200 day moving average price is $52.65. Electrolux AB has a 52-week low of $41.22 and a 52-week high of $62.54.
About Electrolux AB
AB Electrolux is engaged in producing household appliances and appliances for professional use. The Company offers various products, which include refrigerators, dishwashers, washing machines, cookers, air-conditioners and small appliances, such as vacuum cleaners. Its brands include Electrolux, AEG, Zanussi and Frigidaire.
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