Estée Lauder Companies (NYSE:EL) PT Raised to $131.00 at Royal Bank of Canada

Estée Lauder Companies (NYSE:ELGet Free Report) had its price target boosted by stock analysts at Royal Bank of Canada from $115.00 to $131.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price points to a potential downside of 7.70% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Bank of America decreased their target price on Estée Lauder Companies from $175.00 to $148.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 17th. Telsey Advisory Group increased their price objective on Estée Lauder Companies from $115.00 to $155.00 and gave the stock a “market perform” rating in a research note on Tuesday. Piper Sandler dropped their price objective on Estée Lauder Companies from $164.00 to $155.00 in a research note on Tuesday, October 10th. Citigroup dropped their target price on Estée Lauder Companies from $165.00 to $155.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 11th. Finally, Morgan Stanley dropped their target price on Estée Lauder Companies from $200.00 to $134.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Seventeen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $173.35.

Check Out Our Latest Report on EL

Estée Lauder Companies Stock Performance

Shares of EL opened at $141.93 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.36 and a quick ratio of 0.97. Estée Lauder Companies has a one year low of $102.22 and a one year high of $262.81. The firm 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 business has a fifty day moving average of $137.56 and a 200 day moving average of $142.67.

Estée Lauder Companies (NYSE:ELGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.88 EPS 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 during the quarter, compared to analyst estimates of $4.19 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. Estée Lauder Companies’s revenue was down 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Estée Lauder Companies will post 2.26 EPS for the current year.

Institutional Investors Weigh In On Estée Lauder Companies

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Estée Lauder Companies by 0.8% in the third quarter. Vanguard Group Inc. now owns 18,626,625 shares of the company’s stock valued at $2,692,479,000 after acquiring an additional 140,488 shares during the last quarter. State Street Corp grew its holdings in shares of Estée Lauder Companies by 1.9% during the second quarter. State Street Corp now owns 10,019,387 shares of the company’s stock worth $1,967,607,000 after purchasing an additional 184,641 shares during the last quarter. Morgan Stanley grew its holdings 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 worth $1,739,070,000 after purchasing an additional 1,167,553 shares during the last quarter. FMR LLC boosted 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 worth $767,730,000 after buying an additional 1,387,271 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Estée Lauder Companies by 3.1% during the second quarter. Royal Bank of Canada now owns 4,867,672 shares of the company’s stock worth $955,912,000 after buying an additional 146,006 shares during the period. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

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.

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