Estee Lauder Companies (NYSE:EL) Price Target Raised to $98.00 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has raised its price target for Estee Lauder Companies from $95.00 to $98.00, maintaining a "buy" rating, which implies a potential upside of 10.24% from the current stock price.
• A variety of analysts have differing opinions on Estee Lauder's stock, with targets ranging from $60.00 to $110.00, resulting in an average price target of $85.80 and a consensus rating of "Hold."
• Hedge funds significantly increased their stakes in Estee Lauder, with ownership by institutional investors now at 55.15% of the company's stock.

Estee Lauder Companies (NYSE:EL - Get Free Report) had its price objective hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from $95.00 to $98.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 10.24% from the stock's current price.

Several other analysts also recently issued reports on the stock. B. Riley reaffirmed a "neutral" rating and set a $60.00 price objective (down from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Bank of America started coverage on shares of Estee Lauder Companies in a report on Thursday, July 10th. They set a "buy" rating and a $110.00 price objective on the stock. Evercore ISI raised their target price on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, June 26th. Citigroup boosted their target price on shares of Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Finally, Barclays boosted their target price on shares of Estee Lauder Companies from $63.00 to $84.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Estee Lauder Companies currently has an average rating of "Hold" and an average price target of $85.80.

Estee Lauder Companies Stock Performance

Estee Lauder Companies stock traded down $6.36 during midday trading on Thursday, reaching $88.90. 2,703,249 shares of the stock traded hands, compared to its average volume of 4,104,190. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The firm has a fifty day moving average price of $83.90 and a two-hundred day moving average price of $71.86. The firm has a market cap of $31.98 billion, a price-to-earnings ratio of -36.75, a PEG ratio of 6.55 and a beta of 1.18. Estee Lauder Companies has a fifty-two week low of $48.37 and a fifty-two week high of $103.44.

Hedge Funds Weigh In On Estee Lauder Companies

A number of hedge funds have recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Estee Lauder Companies by 1,182.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company's stock valued at $33,000 after buying an additional 461 shares in the last quarter. Winthrop Capital Management LLC increased its position in Estee Lauder Companies by 2,240.0% in the 1st quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock valued at $39,000 after acquiring an additional 560 shares during the period. TD Private Client Wealth LLC increased its position in Estee Lauder Companies by 246.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 478 shares of the company's stock valued at $39,000 after acquiring an additional 340 shares during the period. Golden State Wealth Management LLC increased its position in Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after purchasing an additional 228 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Estee Lauder Companies in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 55.15% of the company's stock.

About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.

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