EssilorLuxottica Limited Company (OTCMKTS:ESLOY) Stock Rating Update from Zacks Investment Research


Zacks Investment Research enhanced actions of EssilorLuxottica Société anonyme (OTCMKTS: ESLOYGet a rating) from a strong sell rating to a hold rating in a research note released to investors on Wednesday morning, reports.

According to Zacks, “EssilorLuxottica Société is involved in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. The company’s brand portfolio includes Ray-Ban, Oakley, Varilux(R), Transitions(R), Sunglass Hut and LensCrafters. EssilorLuxottica Société, formerly Essilor International Société Anonyme, is based in Paris, France. “

A number of other research companies have also recently commented on ESLOY. Societe Generale upgraded EssilorLuxottica Société anonyme from a sell rating to a hold rating in a Monday, March 14 research report. Morgan Stanley lowered its price target on EssilorLuxottica Société anonyme from €195.00 ($205.26) to €190.00 ($200.00) in a Monday, March 14 report. HSBC upgraded EssilorLuxottica Société anonyme from a hold rating to a buy rating in a Monday, March 21 report. Finally, UBS Group raised its price target on EssilorLuxottica Société anonyme from €185.00 ($194.74) to €189.00 ($198.95) and assigned the stock a buy rating in a report from Monday, April 4. Four equity research analysts rated the stock with a hold rating and five gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus Buy rating and a consensus price target of $144.83.

ESLOY opened at $75.77 on Wednesday. The company’s 50-day simple moving average is $87.53 and its 200-day simple moving average is $96.13. The company has a current ratio of 1.03, a quick ratio of 0.76 and a debt ratio of 0.25. EssilorLuxottica Société anonyme has a 1-year low of $75.26 and a 1-year high of $110.11.

About EssilorLuxottica Société anonyme (Get a rating)

EssilorLuxottica Société anonyme designs, manufactures and distributes ophthalmic lenses, frames and sunglasses in North America, Europe, Latin America, Asia, Oceania and Africa. It operates in five segments: Wholesale, Retail, Optical Glasses and Instruments, Equipment, Sunglasses and Readers.

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