Electrolux AB (ELUXY) Cut to “Hold” at Zacks Investment Research

Electrolux AB (NASDAQ:ELUXY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

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. “

Separately, Goldman Sachs Group, Inc. (The) lowered Electrolux AB from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $77.00.

Electrolux AB (NASDAQ:ELUXY) last issued its earnings results on Friday, October 27th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.06. The firm had revenue of $3.60 billion for the quarter. Electrolux AB had a return on equity of 30.85% and a net margin of 4.15%.

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About Electrolux AB

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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