Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Estee Lauder Companies (NYSE:EL) Stock Price

Estee Lauder Companies (NYSE:EL) had its price objective upped by Deutsche Bank Aktiengesellschaft from $95.00 to $98.00 in a report released on Thursday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. UBS Group lifted their target price on Estee Lauder Companies from $62.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. 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 research note on Friday, May 2nd. Hsbc Global Res upgraded Estee Lauder Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Bank of America initiated coverage on Estee Lauder Companies in a research report on Thursday, July 10th. They set a “buy” rating and a $110.00 target price on the stock. Finally, B. Riley reaffirmed a “neutral” rating and issued a $60.00 price target (down previously from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $85.80.

Estee Lauder Companies Trading Down 5.8%

Shares of EL stock opened at $89.72 on Thursday. The firm has a market capitalization of $32.28 billion, a P/E ratio of -37.08, a P/E/G ratio of 6.80 and a beta of 1.18. Estee Lauder Companies has a twelve month low of $48.37 and a twelve month high of $103.44. The stock’s fifty day simple moving average is $84.35 and its 200 day simple moving average is $71.90. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68.

Hedge Funds Weigh In On Estee Lauder Companies

A number of hedge funds have recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC bought a new stake in shares of Estee Lauder Companies during the 2nd quarter valued at $1,260,000. Banco BTG Pactual S.A. bought a new position in Estee Lauder Companies during the 2nd quarter valued at about $1,096,000. Parvin Asset Management LLC grew its holdings in Estee Lauder Companies by 47.4% during the 2nd quarter. Parvin Asset Management LLC now owns 700 shares of the company’s stock valued at $57,000 after purchasing an additional 225 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Estee Lauder Companies by 185.0% during the 2nd quarter. Quantinno Capital Management LP now owns 100,655 shares of the company’s stock valued at $8,133,000 after purchasing an additional 65,340 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Estee Lauder Companies by 86.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 40,927 shares of the company’s stock valued at $3,307,000 after purchasing an additional 18,919 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

About Estee Lauder Companies

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.