Zacks Investment Research downgraded shares of LVMH Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) from a hold rating to a sell rating in a report published on Wednesday.
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 analysts have also issued reports about the stock. ValuEngine lowered shares of LVMH Moet Hennessy Louis Vuitton from a buy rating to a hold rating in a research note on Thursday, October 11th. Raymond James raised shares of LVMH Moet Hennessy Louis Vuitton from a market perform rating to an outperform rating in a research note on Wednesday, July 25th. Jefferies Financial Group began coverage on shares of LVMH Moet Hennessy Louis Vuitton in a research note on Monday, June 25th. They set a buy rating for the company. Finally, Societe Generale lowered shares of LVMH Moet Hennessy Louis Vuitton from a buy rating to a hold rating in a research note on Monday, September 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $80.00.
Shares of OTCMKTS LVMUY opened at $60.71 on Wednesday. LVMH Moet Hennessy Louis Vuitton has a twelve month low of $55.96 and a twelve month high of $73.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.41 and a quick ratio of 0.65. The stock has a market capitalization of $150.97 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.21 and a beta of 0.85.
LVMH Moet Hennessy Louis Vuitton Company Profile
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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