Electrolux AB (NASDAQ:ELUXY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and 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 brokerages have also recently weighed in on ELUXY. RBC Capital Markets cut shares of Electrolux AB from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 21st. Morgan Stanley cut shares of Electrolux AB from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 21st. Goldman Sachs Group Inc. raised shares of Electrolux AB from a “neutral” rating to a “buy” rating in a research note on Thursday, October 6th. Finally, Royal Bank Of Canada cut shares of Electrolux AB from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold”.
Shares of Electrolux AB (NASDAQ:ELUXY) opened at 48.51 on Monday. The firm has a market cap of $6.97 billion and a P/E ratio of 23.57. The firm has a 50 day moving average price of $49.59 and a 200 day moving average price of $52.65. Electrolux AB has a 1-year low of $41.22 and a 1-year 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Electrolux AB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrolux AB and related companies with MarketBeat.com's FREE daily email newsletter.