Credit Suisse Initiates Coverage on Luxottica Group SpA (ADR) to Outperform

Credit Suisse Initiates Coverage on Luxottica Group SpA (ADR)(NYSE:LUX). The shares have been rated Outperform. The rating by Credit Suisse was issued on Jun 15, 2016.

In a different note, On May 4, 2016, Raymond James said it Upgrades its rating on Luxottica Group SpA (ADR). The shares have been rated ‘Outperform’ by the firm.

Luxottica Group SpA (ADR) (LUX) shares turned negative on Tuesdays trading session with the shares closing down -0.02 points or -0.04% at a volume of 72,899. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $52.2. The peak price level was also seen at $52.2 while the days lowest was $51.66. Finally the shares closed at $51.72. The 52-week high of the shares is $74 while the 52-week low is $48.96. According to the latest information available, the market cap of the company is $24,852 M.

Luxottica Group SpA (ADR)(LUX) last announced its earnings results on Mar 1, 2016 for Fiscal Year 2015 and Q4.Earnings per share were $0.27. Analysts had estimated an EPS of $0.30.

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. It operates in two industry segments: manufacturing and wholesale distribution and retail distribution. Through its manufacturing and wholesale distribution operations the Company is engaged in the design manufacturing wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses as well as of performance optics products. It operates its retail segment principally through its retail brands which include LensCrafters Sunglass Hut Pearle Vision ILORI The Optical Shop of Aspen GMO OPSM Laubman & Pank Oakley O Stores and Vaults David Clulow and its retail licensed brands Sears Optical and Target Optical. Its brands include Ray-Ban Oakley Vogue Eyewear Sferoflex Persol and Arnette and its licensed brands include Armani Bvlgari Burberry and Chanel among others.

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