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.
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.
Read More: Treasury Bonds
Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.