Estée Lauder Companies (NYSE:EL - Get Free Report) had its price objective decreased by equities research analysts at Canaccord Genuity Group from $140.00 to $131.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a "hold" rating on the stock. Canaccord Genuity Group's price objective would indicate a potential downside of 2.93% from the company's current price.
Several other research analysts also recently issued reports on the stock. DA Davidson reiterated a "buy" rating and set a $191.00 price target on shares of Estée Lauder Companies in a report on Monday, April 22nd. JPMorgan Chase & Co. lowered their target price on Estée Lauder Companies from $169.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday. Bernstein Bank lifted their price target on Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday. Citigroup raised Estée Lauder Companies from a "neutral" rating to a "buy" rating and upped their price objective for the company from $160.00 to $175.00 in a research note on Tuesday, April 2nd. Finally, Bank of America upgraded shares of Estée Lauder Companies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $160.00 to $170.00 in a research report on Thursday, March 28th. Sixteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $161.08.
Read Our Latest Analysis on EL
Estée Lauder Companies Price Performance
NYSE EL traded up $7.58 on Thursday, hitting $134.95. 4,842,203 shares of the company's stock were exchanged, compared to its average volume of 2,786,510. The stock has a 50-day moving average of $146.22 and a 200-day moving average of $138.23. The stock has a market cap of $48.38 billion, a price-to-earnings ratio of 103.81, a P/E/G ratio of 3.85 and a beta of 1.07. Estée Lauder Companies has a 52 week low of $102.22 and a 52 week high of $210.01. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.16.
Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.49. The company had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.92 billion. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. Estée Lauder Companies's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS. Analysts expect that Estée Lauder Companies will post 2.23 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of EL. Riverview Trust Co bought a new position in Estée Lauder Companies in the first quarter worth approximately $26,000. Rakuten Securities Inc. acquired a new position in shares of Estée Lauder Companies during the fourth quarter worth approximately $26,000. Hexagon Capital Partners LLC lifted its holdings in shares of Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company's stock worth $30,000 after purchasing an additional 99 shares in the last quarter. Sunbelt Securities Inc. grew its position in Estée Lauder Companies by 82.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 277 shares of the company's stock valued at $40,000 after purchasing an additional 125 shares during the period. Finally, ICA Group Wealth Management LLC bought a new stake in Estée Lauder Companies during the 4th quarter valued at $41,000. 55.15% of the stock is owned by institutional investors.
About Estée Lauder Companies
(
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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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
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