Estee Lauder Companies (EL) Price Target Raised to $185.00

Share on StockTwits

Estee Lauder Companies (NYSE:EL) had its price objective increased by investment analysts at Credit Suisse Group from $175.00 to $185.00 in a note issued to investors on Thursday, The Fly reports. The brokerage currently has a “positive” rating on the stock. Credit Suisse Group’s price target indicates a potential upside of 8.66% from the company’s current price.

Several other equities analysts have also issued reports on EL. UBS Group lifted their price objective on shares of Estee Lauder Companies from $153.00 to $172.00 and gave the company a “neutral” rating in a report on Thursday. Raymond James lifted their price objective on shares of Estee Lauder Companies from $164.00 to $181.00 and gave the company an “outperform” rating in a report on Thursday. Citigroup lifted their price objective on shares of Estee Lauder Companies from $188.00 to $197.00 and gave the company a “buy” rating in a report on Thursday. DA Davidson lowered shares of Estee Lauder Companies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $179.00 to $155.00 in a report on Thursday. Finally, Royal Bank of Canada lowered shares of Estee Lauder Companies from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $173.00 to $178.00 in a report on Thursday. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company. Estee Lauder Companies currently has an average rating of “Buy” and a consensus price target of $170.00.

Estee Lauder Companies stock opened at $170.25 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.27 and a current ratio of 1.71. Estee Lauder Companies has a 1-year low of $121.47 and a 1-year high of $180.20. The stock has a market capitalization of $62.05 billion, a P/E ratio of 37.75, a PEG ratio of 2.62 and a beta of 0.72.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, May 1st. The company reported $1.55 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.25. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.56 billion. Estee Lauder Companies had a net margin of 11.49% and a return on equity of 40.38%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $1.17 earnings per share. Sell-side analysts expect that Estee Lauder Companies will post 5.08 EPS for the current fiscal year.

In other news, VP Sara E. Moss sold 22,788 shares of Estee Lauder Companies stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $150.10, for a total transaction of $3,420,478.80. Following the completion of the sale, the vice president now directly owns 6,697 shares in the company, valued at $1,005,219.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Fabrizio Freda sold 98,262 shares of Estee Lauder Companies stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $152.20, for a total transaction of $14,955,476.40. Following the sale, the chief executive officer now owns 171,436 shares of the company’s stock, valued at $26,092,559.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 563,328 shares of company stock valued at $87,653,683. 16.13% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. WESPAC Advisors SoCal LLC purchased a new position in Estee Lauder Companies in the first quarter valued at $269,000. Crossmark Global Holdings Inc. increased its holdings in Estee Lauder Companies by 32.3% in the first quarter. Crossmark Global Holdings Inc. now owns 28,631 shares of the company’s stock valued at $4,740,000 after buying an additional 6,986 shares in the last quarter. Motco increased its holdings in Estee Lauder Companies by 45.8% in the first quarter. Motco now owns 277 shares of the company’s stock valued at $46,000 after buying an additional 87 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Estee Lauder Companies by 7.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 488,648 shares of the company’s stock valued at $80,896,000 after buying an additional 34,763 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in Estee Lauder Companies in the first quarter valued at $619,000. Institutional investors and hedge funds own 53.77% of the company’s stock.

About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

Recommended Story: How a Strangle Strategy is different from a Straddle Strategy

The Fly

Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.