Citigroup Forecasts Strong Price Appreciation for Estee Lauder Companies (NYSE:EL) Stock

Estee Lauder Companies (NYSE:EL) had its target price increased by Citigroup from $60.00 to $99.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential upside of 14.63% from the stock’s previous close.

EL has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft raised Estee Lauder Companies from a “hold” rating to a “buy” rating and lifted their price target for the company from $71.00 to $95.00 in a research note on Monday, June 23rd. Telsey Advisory Group restated a “market perform” rating and set a $76.00 price objective on shares of Estee Lauder Companies in a report on Thursday, May 1st. Piper Sandler reiterated an “overweight” rating and set a $75.00 price target (down previously from $92.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Wells Fargo & Company upped their price target on Estee Lauder Companies from $60.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 9th. Finally, Barclays upped their price target on Estee Lauder Companies from $63.00 to $84.00 and gave the stock an “equal weight” rating in a report on Tuesday. Fifteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $80.95.

Estee Lauder Companies Trading Up 0.3%

Shares of Estee Lauder Companies stock opened at $86.37 on Tuesday. The business has a fifty day simple moving average of $73.83 and a two-hundred day simple moving average of $69.84. Estee Lauder Companies has a 1 year low of $48.37 and a 1 year high of $103.44. The company has a market capitalization of $31.07 billion, a price-to-earnings ratio of -35.69, a P/E/G ratio of 6.15 and a beta of 1.17. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping 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 firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter last year, the business earned $0.97 EPS. The company’s quarterly revenue was down 9.9% compared to the same quarter last year. Research analysts forecast that Estee Lauder Companies will post 1.36 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of Estee Lauder Companies by 9.3% in the 2nd quarter. Signaturefd LLC now owns 1,815 shares of the company’s stock valued at $147,000 after acquiring an additional 154 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of Estee Lauder Companies by 5.1% in the 1st quarter. Horizon Investments LLC now owns 3,351 shares of the company’s stock valued at $221,000 after acquiring an additional 164 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Estee Lauder Companies by 0.7% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,633 shares of the company’s stock valued at $1,626,000 after acquiring an additional 171 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Estee Lauder Companies by 5.1% in the 1st quarter. DAVENPORT & Co LLC now owns 3,796 shares of the company’s stock valued at $251,000 after acquiring an additional 185 shares in the last quarter. Finally, Utah Retirement Systems raised its holdings in shares of Estee Lauder Companies by 0.5% in the 4th quarter. Utah Retirement Systems now owns 38,236 shares of the company’s stock valued at $2,867,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other 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.