JPMorgan Chase & Co. Raises Estée Lauder Companies (NYSE:EL) Price Target to $285.00

Estée Lauder Companies (NYSE:ELGet Rating) had its target price hoisted by analysts at JPMorgan Chase & Co. from $274.00 to $285.00 in a report issued on Friday, The Fly reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 6.65% from the stock’s previous close.

A number of other brokerages also recently issued reports on EL. Deutsche Bank Aktiengesellschaft raised shares of Estée Lauder Companies from a “hold” rating to a “buy” rating and raised their price target for the company from $209.00 to $266.00 in a report on Tuesday, December 6th. Jefferies Financial Group dropped their price objective on shares of Estée Lauder Companies from $324.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, October 21st. Canaccord Genuity Group started coverage on shares of Estée Lauder Companies in a report on Thursday, November 17th. They issued a “hold” rating and a $228.00 price objective on the stock. Bank of America raised their price objective on shares of Estée Lauder Companies from $215.00 to $230.00 and gave the stock a “neutral” rating in a report on Wednesday, November 16th. Finally, Credit Suisse Group dropped their price objective on shares of Estée Lauder Companies from $260.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, November 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $267.35.

Estée Lauder Companies Stock Performance

Shares of NYSE EL opened at $267.22 on Friday. The firm’s 50-day moving average price is $237.83 and its 200-day moving average price is $241.23. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. The company has a market cap of $95.35 billion, a PE ratio of 44.61, a PEG ratio of 5.13 and a beta of 0.95. Estée Lauder Companies has a 52-week low of $186.47 and a 52-week high of $331.15.

Estée Lauder Companies (NYSE:ELGet Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a net margin of 12.66% and a return on equity of 41.46%. As a group, analysts anticipate that Estée Lauder Companies will post 5.35 EPS for the current year.

Institutional Investors Weigh In On Estée Lauder Companies

Several large investors have recently bought and sold shares of the business. Core Alternative Capital increased its position in Estée Lauder Companies by 23.7% in the second quarter. Core Alternative Capital now owns 193 shares of the company’s stock worth $49,000 after purchasing an additional 37 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. increased its position in Estée Lauder Companies by 0.9% in the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,491 shares of the company’s stock worth $1,097,000 after purchasing an additional 38 shares during the last quarter. Peterson Wealth Services boosted its stake in Estée Lauder Companies by 5.1% during the second quarter. Peterson Wealth Services now owns 847 shares of the company’s stock worth $216,000 after buying an additional 41 shares during the period. UMB Bank n.a. boosted its stake in Estée Lauder Companies by 1.3% during the fourth quarter. UMB Bank n.a. now owns 3,365 shares of the company’s stock worth $835,000 after buying an additional 43 shares during the period. Finally, Journey Advisory Group LLC boosted its stake in Estée Lauder Companies by 3.4% during the second quarter. Journey Advisory Group LLC now owns 1,344 shares of the company’s stock worth $368,000 after buying an additional 44 shares during the period. Institutional investors own 55.74% of the company’s stock.

Estée Lauder Companies Company Profile

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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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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