The Estee Lauder Companies Inc. (NYSE:EL) Given Average Rating of "Hold" by Brokerages

Key Points

• Estée Lauder Companies has an average “Hold” rating from 21 analysts: 10 rate it a hold, eight a buy, two a sell, and one a strong buy. The average 12-month price target is approximately $96.95.
• Recent analyst actions were mixed but generally cautious, with price targets ranging from $80 to $95; Canaccord Genuity, UBS, and Barclays maintained hold or neutral-equivalent ratings, while Piper Sandler initiated coverage with an overweight rating.
• The stock opened at $86.05, with a $31.13 billion market capitalization and a 52-week range of $66.22 to $121.64. Institutional investors own approximately 55.15% of the company’s shares.

The Estee Lauder Companies Inc. (NYSE:EL - Get Free Report) has received an average rating of "Hold" from the twenty-one research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $96.9474.

A number of research firms recently weighed in on EL. Canaccord Genuity Group lifted their price target on Estee Lauder Companies from $80.00 to $85.00 and gave the company a "hold" rating in a research note on Monday, May 4th. UBS Group increased their price objective on Estee Lauder Companies from $85.00 to $86.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Zacks Research downgraded Estee Lauder Companies from a "strong-buy" rating to a "hold" rating in a report on Friday, July 10th. Barclays boosted their target price on shares of Estee Lauder Companies from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Finally, Piper Sandler assumed coverage on shares of Estee Lauder Companies in a report on Friday, May 15th. They issued an "overweight" rating and a $95.00 price target for the company.

Estee Lauder Companies Trading Down 0.1%

Shares of Estee Lauder Companies stock opened at $86.05 on Monday. The firm has a market cap of $31.13 billion, a price-to-earnings ratio of -122.92, a price-to-earnings-growth ratio of 0.68 and a beta of 1.25. Estee Lauder Companies has a 52-week low of $66.22 and a 52-week high of $121.64. The company's 50-day simple moving average is $84.20 and its 200-day simple moving average is $87.23. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 1.71.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of Estee Lauder Companies by 950.9% during the first quarter. Bank of America Corp DE now owns 13,843,765 shares of the company's stock worth $993,567,000 after purchasing an additional 12,526,471 shares during the last quarter. Schroder Investment Management Group increased its stake in Estee Lauder Companies by 185.3% in the fourth quarter. Schroder Investment Management Group now owns 8,140,550 shares of the company's stock valued at $861,596,000 after purchasing an additional 5,286,875 shares during the last quarter. J. Stern & Co. LLP increased its stake in Estee Lauder Companies by 4,281.3% in the fourth quarter. J. Stern & Co. LLP now owns 4,094,761 shares of the company's stock valued at $4,094,761,000 after purchasing an additional 4,001,300 shares during the last quarter. Norges Bank purchased a new position in Estee Lauder Companies during the fourth quarter worth about $308,912,000. Finally, M&T Bank Corp lifted its position in Estee Lauder Companies by 16,270.3% during the fourth quarter. M&T Bank Corp now owns 2,667,208 shares of the company's stock worth $279,310,000 after buying an additional 2,650,915 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estee Lauder Companies Company Profile

Estée Lauder Companies Inc NYSE: EL is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company's portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.

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