Deutsche Bank Reiterates Buy Rating for Estee Lauder Companies (NYSE:EL)

Estee Lauder Companies (NYSE:EL)‘s stock had its “buy” rating reiterated by Deutsche Bank in a report released on Tuesday, The Fly reports. They presently have a $221.00 target price on the stock, up from their prior target price of $202.00. Deutsche Bank’s price objective suggests a potential upside of 8.48% from the company’s current price.

EL has been the topic of a number of other research reports. Macquarie boosted their price objective on Estee Lauder Companies from $170.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Credit Suisse Group boosted their target price on Estee Lauder Companies from $175.00 to $185.00 and gave the stock a “positive” rating in a research report on Thursday, May 2nd. Wells Fargo & Co boosted their target price on Estee Lauder Companies from $175.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday. Bank of America reaffirmed a “buy” rating and set a $220.00 target price (up from $205.00) on shares of Estee Lauder Companies in a research report on Monday. Finally, Royal Bank of Canada lowered Estee Lauder Companies from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $173.00 to $178.00 in a research report on Thursday, May 2nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the stock. Estee Lauder Companies has a consensus rating of “Buy” and an average target price of $188.88.

EL opened at $203.72 on Tuesday. Estee Lauder Companies has a one year low of $121.47 and a one year high of $206.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 1.69. The stock’s fifty day moving average is $186.23 and its 200-day moving average is $170.72. The company has a market capitalization of $64.85 billion, a PE ratio of 38.15, a P/E/G ratio of 2.38 and a beta of 0.81.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.11. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts forecast that Estee Lauder Companies will post 5.88 EPS for the current fiscal year.

In related news, EVP Alexandra C. Trower sold 6,608 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $203.78, for a total transaction of $1,346,578.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.13% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Securities Inc. boosted its stake in Estee Lauder Companies by 509.1% in the 4th quarter. Comerica Securities Inc. now owns 40,557 shares of the company’s stock worth $5,277,000 after purchasing an additional 33,899 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Estee Lauder Companies by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 538,219 shares of the company’s stock worth $70,019,000 after purchasing an additional 15,664 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new position in Estee Lauder Companies during the 1st quarter worth approximately $50,000. Conning Inc. raised its position in Estee Lauder Companies by 0.8% during the 1st quarter. Conning Inc. now owns 7,506 shares of the company’s stock worth $1,243,000 after buying an additional 60 shares during the last quarter. Finally, Carderock Capital Management Inc. raised its position in Estee Lauder Companies by 20.0% during the 1st quarter. Carderock Capital Management Inc. now owns 4,832 shares of the company’s stock worth $800,000 after buying an additional 807 shares during the last quarter. Hedge funds and other institutional investors own 54.82% of the company’s stock.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

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