FY2022 EPS Estimates for L’Oréal S.A. Increased by Jefferies Financial Group (OTCMKTS:LRLCY)

L’Oréal S.A. (OTCMKTS:LRLCY – Get Rating) – Equities researchers at Jefferies Financial Group increased their FY2022 EPS estimates for L’Oréal in a report issued on Wednesday, January 18th. Jefferies Financial Group analyst M. Deboo now forecasts that the company will earn $2.35 per share for the year, up from their prior estimate of $2.16. The consensus estimate for L’Oréal’s current full-year earnings is $2.25 per share. Jefferies Financial Group also issued estimates for L’Oréal’s FY2023 earnings at $2.36 EPS.

LRLCY has been the topic of a number of other research reports. Royal Bank of Canada downgraded L’Oréal from a “sector perform” rating to an “underperform” rating in a report on Monday, December 12th. Deutsche Bank Aktiengesellschaft dropped their target price on L’Oréal from €400.00 ($434.78) to €380.00 ($413.04) in a report on Tuesday, October 11th. Berenberg Bank dropped their target price on L’Oréal from €347.00 ($377.17) to €314.00 ($341.30) in a report on Wednesday, October 26th. Citigroup upgraded L’Oréal from a “sell” rating to a “neutral” rating in a report on Thursday, December 1st. Finally, JPMorgan Chase & Co. downgraded L’Oréal from an “overweight” rating to a “neutral” rating in a report on Thursday, December 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $363.25.

L’Oréal Stock Up 1.1 %

LRLCY stock opened at $83.03 on Friday. L’Oréal has a one year low of $58.38 and a one year high of $87.35. The firm has a 50-day moving average of $74.39 and a two-hundred day moving average of $70.18.

About L’Oréal

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L'Oréal SA, through its subsidiaries, manufactures and sells cosmetic products for women and men worldwide. The company operates through four divisions: Consumer Products, L'oréal Luxe, Professional Products, and Active Cosmetics. It offers shampoos, hair care products, shower gels, skin care products, cleansers, hair colors, styling products, deodorants, sun care products, make-up, perfumes, etc.