Electrolux (OTCMKTS:ELUXY) Receives New Coverage from Analysts at Morgan Stanley

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Analysts at Morgan Stanley assumed coverage on shares of Electrolux (OTCMKTS:ELUXY) in a report released on Thursday, The Fly reports. The brokerage set an “equal weight” rating on the stock.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Electrolux from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 5th. ValuEngine raised shares of Electrolux from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Citigroup raised shares of Electrolux from a “sell” rating to a “neutral” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $56.00.

Shares of OTCMKTS ELUXY traded down $0.89 during mid-day trading on Thursday, reaching $26.62. 6,184 shares of the company were exchanged, compared to its average volume of 18,003. The company’s 50-day simple moving average is $40.18 and its 200-day simple moving average is $47.74. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $3.83 billion, a P/E ratio of 14.63, a P/E/G ratio of 1.26 and a beta of 1.10. Electrolux has a twelve month low of $21.36 and a twelve month high of $55.25.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.26 earnings per share for the quarter. Electrolux had a net margin of 1.98% and a return on equity of 10.44%. The business had revenue of $3.33 billion during the quarter. As a group, equities research analysts expect that Electrolux will post 2.24 EPS for the current year.

About Electrolux

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances and appliances for professional use. It operates through six segments: Major Appliances Europe, Middle East and Africa; Major Appliances North America; Major Appliances Latin America; Major Appliances Asia/Pacific; Home Care & SDA; and Professional Products.

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