HSBC Upgrades Estee Lauder Companies (NYSE:EL) to "Buy"

Estee Lauder Companies (NYSE:EL - Get Free Report) was upgraded by stock analysts at HSBC from a "hold" rating to a "buy" rating in a note issued to investors on Friday,Finviz reports.

Several other research firms have also weighed in on EL. Royal Bank Of Canada cut their target price on shares of Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company dropped their price target on Estee Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. cut their price objective on shares of Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, April 11th. B. Riley reiterated a "neutral" rating and set a $60.00 price target (down previously from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Finally, Wall Street Zen cut Estee Lauder Companies from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $74.50.

Estee Lauder Companies Stock Up 2.0%

NYSE:EL opened at $79.15 on Friday. 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 company has a 50-day moving average of $65.76 and a 200 day moving average of $68.91. Estee Lauder Companies has a 1-year low of $48.37 and a 1-year high of $113.48. The firm has a market cap of $28.47 billion, a PE ratio of -32.70, a price-to-earnings-growth ratio of 8.01 and a beta of 1.12.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.36. The firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations 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 business's quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. As a group, research analysts anticipate that Estee Lauder Companies will post 1.36 EPS for the current fiscal year.

Institutional Trading of Estee Lauder Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC raised its position in Estee Lauder Companies by 1,182.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company's stock worth $33,000 after buying an additional 461 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Estee Lauder Companies by 47.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after purchasing an additional 154 shares in the last quarter. Winthrop Capital Management LLC raised its holdings in Estee Lauder Companies by 2,240.0% during 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 lifted its position 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 valued at $41,000 after purchasing an additional 228 shares during the period. Finally, CVA Family Office LLC boosted its holdings in Estee Lauder Companies by 116.2% in the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after purchasing an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

Estee Lauder Companies Company Profile

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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