Morgan Stanley Reiterates “Equal Weight” Rating for AB Electrolux (publ) (OTCMKTS:ELUXY)

AB Electrolux (publ) (OTCMKTS:ELUXY)‘s stock had its “equal weight” rating reissued by equities researchers at Morgan Stanley in a report released on Friday, The Fly reports.

ELUXY has been the subject of several other research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of AB Electrolux (publ) in a research report on Wednesday, July 21st. Cheuvreux cut shares of AB Electrolux (publ) from a “hold” rating to a “reduce” rating in a research report on Wednesday, July 21st. Zacks Investment Research cut shares of AB Electrolux (publ) from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 24th. Finally, Pareto Securities raised shares of AB Electrolux (publ) from a “hold” rating to a “buy” rating in a research report on Wednesday, July 21st. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, AB Electrolux (publ) currently has a consensus rating of “Hold” and a consensus price target of $59.53.

OTCMKTS:ELUXY traded down $0.02 during mid-day trading on Friday, hitting $47.81. 11,714 shares of the stock traded hands, compared to its average volume of 8,522. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.61 and a beta of 1.26. AB Electrolux has a 52 week low of $42.62 and a 52 week high of $60.87. The firm’s 50 day moving average is $51.79 and its two-hundred day moving average is $54.72. The company has a quick ratio of 0.69, a current ratio of 0.99 and a debt-to-equity ratio of 0.47.

AB Electrolux (publ) (OTCMKTS:ELUXY) last issued its earnings results on Monday, July 19th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.10). The company had revenue of $3.60 billion during the quarter. AB Electrolux (publ) had a return on equity of 36.23% and a net margin of 5.69%. As a group, research analysts predict that AB Electrolux will post 4.41 EPS for the current year.

About AB Electrolux (publ)

Electrolux AB engages in the manufacturing of home and professional appliances. It operates through the following business segments: Europe; North America; Latin America; Asia-Pacific, Middle East and Africa. The company was founded by Axel Wenner-Gren on August 1, 1919 and is headquartered in Stockholm, Sweden.

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Analyst Recommendations for AB Electrolux (publ) (OTCMKTS:ELUXY)

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