Estée Lauder Companies (NYSE:EL) PT Raised to $160.00 at Bernstein Bank

Estée Lauder Companies (NYSE:EL) had its target price increased by research analysts at Bernstein Bank from $155.00 to $160.00 in a research note issued to investors on Wednesday. Bernstein Bank’s target price points to a potential upside of 20.35% from the company’s current price.

Several other research firms have also commented on EL. Royal Bank of Canada upped their target price on Estée Lauder Companies from $115.00 to $131.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 6th. Citigroup upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $160.00 to $175.00 in a research note on Tuesday, April 2nd. Raymond James upped their price target on Estée Lauder Companies from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, February 6th. DA Davidson restated a “buy” rating and set a $191.00 price target on shares of Estée Lauder Companies in a research note on Monday, April 22nd. Finally, Barclays upped their price target on Estée Lauder Companies from $146.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Seventeen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $160.92.

Estée Lauder Companies Price Performance

Shares of NYSE EL traded down $1.99 during trading on Wednesday, reaching $132.95. The company had a trading volume of 3,791,920 shares, compared to its average volume of 2,798,211. Estée Lauder Companies has a twelve month low of $102.22 and a twelve month high of $209.64. The stock has a market capitalization of $47.66 billion, a PE ratio of 74.69, a price-to-earnings-growth ratio of 3.38 and a beta of 1.07. The stock has a 50-day moving average price of $146.22 and a two-hundred day moving average price of $138.23. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. As a group, sell-side analysts predict that Estée Lauder Companies will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC raised its stake in Estée Lauder Companies by 3,262.5% during the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after buying an additional 261 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Estée Lauder Companies by 222.8% during the first quarter. GSA Capital Partners LLP now owns 14,080 shares of the company’s stock worth $2,170,000 after purchasing an additional 9,718 shares during the last quarter. Boomfish Wealth Group LLC lifted its stake in Estée Lauder Companies by 6.2% during the first quarter. Boomfish Wealth Group LLC now owns 8,210 shares of the company’s stock worth $1,266,000 after purchasing an additional 481 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. boosted its holdings in Estée Lauder Companies by 10.2% in the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 9,285 shares of the company’s stock worth $1,431,000 after purchasing an additional 863 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in Estée Lauder Companies during the first quarter valued at $772,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Company Profile

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.