Rothschild & Co Redburn Downgrades Electrolux (OTCMKTS:ELUXY) to Hold

Electrolux (OTCMKTS:ELUXY) was downgraded by analysts at Rothschild & Co Redburn from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on ELUXY. The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a research report on Friday, March 27th. Zacks Research lowered Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Citigroup reiterated a “neutral” rating on shares of Electrolux in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Electrolux in a research report on Monday, February 2nd. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Electrolux presently has an average rating of “Reduce”.

Electrolux Trading Down 6.5%

Shares of ELUXY stock opened at $12.87 on Monday. The firm has a market capitalization of $1.82 billion, a P/E ratio of 19.21 and a beta of 1.20. Electrolux has a twelve month low of $10.80 and a twelve month high of $19.83. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 3.57. The stock’s fifty day simple moving average is $14.68 and its 200 day simple moving average is $13.79.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.79 billion. Electrolux had a return on equity of 10.82% and a net margin of 0.69%. As a group, sell-side analysts predict that Electrolux will post 1.57 EPS for the current fiscal year.

Electrolux Company Profile

Electrolux AB, trading on the OTCMKTS as ELUXY, is a global leader in the design, manufacture and marketing of home and professional appliances. The company’s product portfolio spans major and small household appliances, including refrigerators, freezers, cooking ranges, dishwashers, laundry machines and vacuum cleaners, as well as specialty equipment for food-service and hospitality markets. Electrolux is recognized for its emphasis on energy efficiency, innovative design and user-focused functionality across its brands.

Founded in Sweden in 1919 through the merger of Elektromekaniska AB and Lux AB, Electrolux has grown into one of the world’s largest appliance makers.