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

Electrolux AB (NASDAQ:ELUXY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, May 3rd.

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, JPMorgan Chase & Co. lowered Electrolux AB from a “neutral” rating to an “underweight” rating in a research note on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Electrolux AB currently has a consensus rating of “Hold” and a consensus target price of $56.00.

Analyst Recommendations for Electrolux AB (NASDAQ:ELUXY)

Electrolux AB (NASDAQ:ELUXY) opened at 62.73 on Wednesday. Electrolux AB has a 12-month low of $44.24 and a 12-month high of $63.80. The stock has a market capitalization of $9.01 billion and a price-to-earnings ratio of 16.89. The company has a 50 day moving average of $59.22 and a 200-day moving average of $52.88.

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Electrolux AB 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.

12 Month Chart for NASDAQ:ELUXY

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