Estée Lauder Companies (NYSE:EL – Get Rating) had its target price increased by investment analysts at JPMorgan Chase & Co. from $274.00 to $285.00 in a note issued to investors on Friday, The Fly reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 6.65% from the company’s previous close.
EL has been the subject of several other reports. Canaccord Genuity Group started coverage on shares of Estée Lauder Companies in a research note on Wednesday, November 16th. They issued a “hold” rating and a $228.00 price target for the company. Oppenheimer lifted their price target on shares of Estée Lauder Companies from $230.00 to $245.00 in a research note on Wednesday, November 16th. Royal Bank of Canada decreased their price target on shares of Estée Lauder Companies from $313.00 to $287.00 and set an “outperform” rating for the company in a research note on Thursday, November 3rd. Raymond James decreased their price target on shares of Estée Lauder Companies from $280.00 to $245.00 and set a “strong-buy” rating for the company in a research note on Thursday, November 3rd. Finally, Barclays lifted their price target on shares of Estée Lauder Companies from $224.00 to $290.00 and gave the company an “overweight” rating in a research note on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Estée Lauder Companies presently has an average rating of “Moderate Buy” and a consensus target price of $267.35.
Estée Lauder Companies Price Performance
Shares of NYSE EL opened at $267.22 on Friday. Estée Lauder Companies has a twelve month low of $186.47 and a twelve month high of $331.15. The firm has a fifty day simple moving average of $237.83 and a 200 day simple moving average of $241.23. The company has a market capitalization of $95.35 billion, a PE ratio of 44.61, a P/E/G ratio of 5.13 and a beta of 0.95. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.93.
Institutional Investors Weigh In On Estée Lauder Companies
Several institutional investors have recently added to or reduced their stakes in EL. Truvestments Capital LLC purchased a new stake in Estée Lauder Companies during the 2nd quarter valued at $25,000. Vigilant Capital Management LLC boosted its position in Estée Lauder Companies by 280.0% during the 3rd quarter. Vigilant Capital Management LLC now owns 114 shares of the company’s stock valued at $25,000 after buying an additional 84 shares during the period. GoalVest Advisory LLC purchased a new stake in Estée Lauder Companies during the 2nd quarter valued at $31,000. J.W. Cole Advisors Inc. purchased a new stake in Estée Lauder Companies during the 1st quarter valued at $31,000. Finally, CoreCap Advisors LLC bought a new position in Estée Lauder Companies in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 55.74% 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 a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.
- Get a free copy of the StockNews.com research report on Estée Lauder Companies (EL)
- MarketBeat: Week in Review 01/09-01/13
- JPMorgan Chase Falls As Banks Brace For Recession
- Why is the Bed Bath & Beyond Stock Price up 261%?
- Roku Stock Price is Trending, Here’s Why
- Carvana Stock Rally, Here’s What You Need to Know
Receive News & Ratings for Estée Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estée Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.