LVMH Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
According to Zacks, “LVMH Moet Hennessy Louis Vuitton is an international group of companies that is principally engaged in the production and sale of prestigious luxury goods under world-famous brand names. The five different sectors in which the Company operates are: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry and Selective retailing. The company has expanded its international retail network all over the world. LVMH Moet Hennessy Louis Vuitton is headquartered in Paris, France. “
Other equities research analysts have also recently issued research reports about the company. HSBC upgraded LVMH Moet Hennessy Louis Vuitton from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. ValuEngine cut LVMH Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Societe Generale lowered LVMH Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a report on Monday, September 3rd. Finally, Raymond James raised LVMH Moet Hennessy Louis Vuitton from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 25th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. LVMH Moet Hennessy Louis Vuitton presently has an average rating of “Buy” and an average target price of $80.00.
Shares of OTCMKTS LVMUY opened at $60.32 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.41 and a quick ratio of 0.65. LVMH Moet Hennessy Louis Vuitton has a twelve month low of $56.00 and a twelve month high of $73.61. The company has a market capitalization of $158.88 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 2.32 and a beta of 1.04.
About LVMH Moet Hennessy Louis Vuitton
LVMH Moët Hennessy Louis Vuitton S.E. operates as a luxury products company. The company operates through Wines and Spirits; Fashion and Leather Goods; Perfumes and Cosmetics; Watches and Jewelry; Selective Retailing; and Other Activities business groups. The company offers champagnes, wines, and spirits under the Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Yquem Castle, Dom Perignon, Ruinart, White Horse castle, Mercier, Château d'Yquem, Clos Des Lambrays, Hennessy, Glenmorangie, Ardbeg, Belvedere, Chandon, Cloudy Bay, Terrazas de los Andes, Andes Horse, Cape Mentelle, Newton Vineyards, Numanthia Termes, Numanthia Bodega, Clos19, and Ao Yun brands.
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