Citigroup Issues Positive Forecast for Estee Lauder Companies (NYSE:EL) Stock Price

Estee Lauder Companies (NYSE:EL - Get Free Report) had its price target upped by equities researchers at Citigroup from $60.00 to $99.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price objective suggests a potential upside of 14.11% from the stock's current price.

Several other equities analysts also recently issued reports on the company. Hsbc Global Res upgraded Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Stifel Nicolaus reduced their price objective on Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. HSBC upgraded Estee Lauder Companies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $80.00 to $99.00 in a research report on Friday, June 27th. UBS Group boosted their target price on Estee Lauder Companies from $60.00 to $62.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Barclays boosted their target price on Estee Lauder Companies from $63.00 to $84.00 and gave the stock an "equal weight" rating in a report on Tuesday. Fifteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Estee Lauder Companies presently has an average rating of "Hold" and a consensus target price of $82.50.

Estee Lauder Companies Stock Performance

EL stock traded up $0.20 during midday trading on Tuesday, reaching $86.76. The company had a trading volume of 999,163 shares, compared to its average volume of 4,299,837. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The stock has a 50 day moving average price of $74.34 and a 200 day moving average price of $69.93. Estee Lauder Companies has a fifty-two week low of $48.37 and a fifty-two week high of $103.44. The firm has a market capitalization of $31.21 billion, a PE ratio of -35.79, a P/E/G ratio of 6.17 and a beta of 1.17.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. Estee Lauder Companies's quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. Analysts anticipate that Estee Lauder Companies will post 1.36 earnings per share for the current year.

Hedge Funds Weigh In On Estee Lauder Companies

Several institutional investors and hedge funds have recently modified their holdings of EL. TD Private Client Wealth LLC boosted its holdings in Estee Lauder Companies by 246.4% in the second quarter. TD Private Client Wealth LLC now owns 478 shares of the company's stock worth $39,000 after purchasing an additional 340 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in 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 worth $33,000 after purchasing an additional 461 shares in the last quarter. Winthrop Capital Management LLC boosted its holdings in Estee Lauder Companies by 2,240.0% in the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock worth $39,000 after purchasing an additional 560 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in Estee Lauder Companies by 57.3% in the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after purchasing an additional 228 shares in the last quarter. Finally, CVA Family Office LLC boosted its holdings in Estee Lauder Companies by 116.2% in the first quarter. CVA Family Office LLC now owns 668 shares of the company's stock worth $44,000 after purchasing an additional 359 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

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.