Kepler Capital Sticks to Its Hold Rating for Husqvarna AB (0GTR)


Kepler Capital  Sticks to Its Hold Rating for Husqvarna AB (0GTR)

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Eliason covers the Industrials sector, focusing on stocks such as Cargotec, Electrolux Professional AB, and ISS. According to TipRanks, Eliason has an average return of 3.4% and a 44.68% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Husqvarna AB with a SEK76.67 average price target.

Based on Husqvarna AB's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of SEK17.17 billion and a net profit of SEK1.65 billion. In comparison, last year the company earned a revenue of SEK15.69 billion and had a net profit of SEK1.64 billion

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Husqvarna AB makes outdoor power products for forest, park, and garden care. The company operates three business segments: Husqvarna, Gardena, and construction. The Husqvarna segment generates most of the group's revenue. It manufactures and sells outdoor products such as chainsaws, trimmers, mowers, and park and garden care. The other segments offer garden watering and hand tools, as well as professional equipment and diamond tools for cutting and drilling in concrete, stone, and asphalt. Products are sold under the Husqvarna, Gardena, McCulloch, Poulan Pro, Weed Eater, Flymo, Zenoah, and Diamant Boart brands. The company's largest end markets are North America and Europe.

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