Estee Lauder Companies (NYSE:EL) Upgraded at JPMorgan Chase & Co.

Key Points

• Estee Lauder Companies has been upgraded by JPMorgan Chase & Co. from a "neutral" to an "overweight" rating, with a new price target of $101.00, indicating a potential upside of 16.34% from its current price.
• In a recent earnings report, Estee Lauder Companies posted earnings per share of $0.65, significantly exceeding analysts' estimates of $0.29, despite a revenue decline of 9.9% year-over-year.
• Analysts have varied opinions on the stock, with 13 ratings categorized as "hold," 8 as "buy," and 1 as a "strong buy," while the consensus target price stands at $84.50.

Estee Lauder Companies (NYSE:EL - Get Free Report) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a note issued to investors on Friday,Benzinga reports. The firm presently has a $101.00 price target on the stock, up from their previous price target of $62.00. JPMorgan Chase & Co.'s target price indicates a potential upside of 16.34% from the company's current price.

A number of other analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised Estee Lauder Companies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $71.00 to $95.00 in a research report on Monday, June 23rd. Royal Bank Of Canada lowered their price objective on Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Barclays boosted their price objective on Estee Lauder Companies from $63.00 to $84.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Hsbc Global Res upgraded Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Finally, Bank of America assumed coverage on Estee Lauder Companies in a research note on Thursday, July 10th. They issued a "buy" rating and a $110.00 price objective for the company. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Estee Lauder Companies currently has a consensus rating of "Hold" and a consensus target price of $84.50.

Estee Lauder Companies Trading Down 3.2%

Shares of NYSE:EL opened at $86.81 on Friday. Estee Lauder Companies has a 1 year low of $48.37 and a 1 year high of $103.44. The firm has a market capitalization of $31.23 billion, a price-to-earnings ratio of -35.87, a price-to-earnings-growth ratio of 6.42 and a beta of 1.17. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The business's 50 day moving average price is $76.73 and its 200-day moving average price is $70.40.

Estee Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.36. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The firm's revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS. On average, equities research analysts forecast that Estee Lauder Companies will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EL. FMR LLC lifted its position in shares of Estee Lauder Companies by 163.8% during the 4th quarter. FMR LLC now owns 14,382,579 shares of the company's stock worth $1,078,406,000 after purchasing an additional 8,930,011 shares during the last quarter. Capital World Investors acquired a new position in shares of Estee Lauder Companies during the 4th quarter worth about $554,509,000. Norges Bank acquired a new position in shares of Estee Lauder Companies during the 4th quarter worth about $251,304,000. Invesco Ltd. lifted its position in shares of Estee Lauder Companies by 148.9% during the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock worth $410,984,000 after purchasing an additional 3,278,632 shares during the last quarter. Finally, Independent Franchise Partners LLP lifted its position in shares of Estee Lauder Companies by 45.5% during the 4th quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock worth $589,205,000 after purchasing an additional 2,458,379 shares during the last quarter. 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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