Estee Lauder Companies (NYSE:EL) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Estee Lauder Companies (NYSE:EL) had its price objective raised by Wells Fargo & Company from $60.00 to $90.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential downside of 2.35% from the stock’s current price.

Several other equities analysts also recently weighed in on EL. Barclays increased their target price on Estee Lauder Companies from $56.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 29th. Stifel Nicolaus reduced their target price on Estee Lauder Companies from $77.00 to $67.00 and set a “hold” rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. reduced their target price on Estee Lauder Companies from $72.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. B. Riley reiterated a “neutral” rating and set a $60.00 target price (down from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and increased their target price for the stock from $71.00 to $95.00 in a research report on Monday, June 23rd. Fifteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $77.70.

Estee Lauder Companies Stock Up 6.4%

Shares of NYSE:EL opened at $92.17 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. Estee Lauder Companies has a 52-week low of $48.37 and a 52-week high of $105.59. The stock’s fifty day simple moving average is $71.47 and its 200-day simple moving average is $69.47. The company has a market capitalization of $33.16 billion, a P/E ratio of -38.09, a P/E/G ratio of 6.15 and a beta of 1.17.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.36. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the prior year, the business earned $0.97 earnings per share. The business’s revenue was down 9.9% on a year-over-year basis. As a group, equities research analysts forecast that Estee Lauder Companies will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Estee Lauder Companies by 1,182.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company’s stock worth $33,000 after purchasing an additional 461 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Estee Lauder Companies by 47.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock valued at $36,000 after acquiring an additional 154 shares in the last quarter. Winthrop Capital Management LLC raised its stake in Estee Lauder Companies by 2,240.0% during the 1st quarter. Winthrop Capital Management LLC now owns 585 shares of the company’s stock valued at $39,000 after acquiring an additional 560 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company’s stock valued at $41,000 after acquiring an additional 228 shares in the last quarter. Finally, CVA Family Office LLC raised its stake in Estee Lauder Companies by 116.2% during the 1st quarter. CVA Family Office LLC now owns 668 shares of the company’s stock valued at $44,000 after acquiring an additional 359 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Estee 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, and powders, as well as compacts, brushes, and other makeup tools.