Luxottica Group SpA (LUX) Given Average Recommendation of “Hold” by Analysts

Shares of Luxottica Group SpA (NYSE:LUX) have received an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $50.00.

Separately, Royal Bank Of Canada downgraded Luxottica Group SpA from a “sector perform” rating to an “underperform” rating in a report on Thursday, September 21st.

COPYRIGHT VIOLATION NOTICE: This article was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at https://www.themarketsdaily.com/2017/11/12/luxottica-group-spa-lux-given-average-recommendation-of-hold-by-analysts.html.

Luxottica Group SpA (NYSE LUX) opened at $60.90 on Friday. Luxottica Group SpA has a twelve month low of $44.85 and a twelve month high of $62.57. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.29.

Several institutional investors have recently bought and sold shares of the stock. WCM Investment Management CA grew its stake in shares of Luxottica Group SpA by 11.3% in the 2nd quarter. WCM Investment Management CA now owns 1,434,811 shares of the company’s stock worth $83,620,000 after buying an additional 145,746 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its position in Luxottica Group SpA by 2.3% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 351,950 shares of the company’s stock valued at $19,676,000 after acquiring an additional 7,895 shares in the last quarter. Boston Financial Mangement LLC lifted its position in Luxottica Group SpA by 0.9% in the 3rd quarter. Boston Financial Mangement LLC now owns 308,125 shares of the company’s stock valued at $17,172,000 after acquiring an additional 2,837 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Luxottica Group SpA by 3.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 249,026 shares of the company’s stock valued at $14,513,000 after acquiring an additional 7,613 shares in the last quarter. Finally, Aperio Group LLC lifted its position in Luxottica Group SpA by 9.3% in the 2nd quarter. Aperio Group LLC now owns 164,863 shares of the company’s stock valued at $9,524,000 after acquiring an additional 14,016 shares in the last quarter. Institutional investors own 1.68% of the company’s stock.

Luxottica Group SpA Company Profile

Luxottica Group S.p.A. is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. The Company operates through two segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products.

Analyst Recommendations for Luxottica Group SpA (NYSE:LUX)

Receive News & Ratings for Luxottica Group SpA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxottica Group SpA and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply