Estée Lauder Companies (NYSE:EL) Price Target Raised to $175.00

Estée Lauder Companies (NYSE:ELGet Free Report) had its price objective increased by equities research analysts at Wells Fargo & Company from $155.00 to $175.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 23.30% from the company’s current price.

Several other analysts also recently commented on the company. Piper Sandler cut their target price on Estée Lauder Companies from $164.00 to $155.00 in a research note on Tuesday, October 10th. Bank of America cut their target price on Estée Lauder Companies from $175.00 to $148.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 17th. Citigroup cut their target price on Estée Lauder Companies from $165.00 to $155.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 11th. JPMorgan Chase & Co. raised their price target on Estée Lauder Companies from $118.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. Finally, TD Cowen downgraded Estée Lauder Companies from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $126.00 to $120.00 in a research note on Wednesday, November 8th. Seventeen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $173.35.

View Our Latest Analysis on EL

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock opened at $141.93 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $50.79 billion, a P/E ratio of 109.18, a PEG ratio of 4.75 and a beta of 1.07. The stock’s 50 day moving average is $137.56 and its 200 day moving average is $142.67. Estée Lauder Companies has a twelve month low of $102.22 and a twelve month high of $262.81.

Estée Lauder Companies (NYSE:ELGet Free Report) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the prior year, the business posted $1.54 EPS. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities research analysts predict that Estée Lauder Companies will post 2.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EL. Norges Bank purchased a new position in Estée Lauder Companies in the fourth quarter worth about $858,070,000. Capital International Investors raised its stake in shares of Estée Lauder Companies by 115.1% during the second quarter. Capital International Investors now owns 4,584,843 shares of the company’s stock valued at $900,212,000 after acquiring an additional 2,453,830 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Estée Lauder Companies by 68.5% during the third quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock valued at $537,850,000 after acquiring an additional 1,512,982 shares in the last quarter. FMR LLC raised its stake in shares of Estée Lauder Companies by 35.4% during the third quarter. FMR LLC now owns 5,311,174 shares of the company’s stock valued at $767,730,000 after acquiring an additional 1,387,271 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Estée Lauder Companies by 20.0% during the fourth quarter. Morgan Stanley now owns 7,009,269 shares of the company’s stock valued at $1,739,070,000 after acquiring an additional 1,167,553 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Estée Lauder Companies (NYSE:EL)

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