Estee Lauder Companies (NYSE:EL) Given New $85.00 Price Target at Canaccord Genuity Group

Estee Lauder Companies (NYSE:EL) had its price objective hoisted by Canaccord Genuity Group from $62.00 to $85.00 in a research note released on Monday morning,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. raised Estee Lauder Companies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $62.00 to $101.00 in a report on Friday, July 25th. Hsbc Global Res raised Estee Lauder Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. HSBC raised Estee Lauder Companies from a “hold” rating to a “buy” rating and raised their price objective for the company from $80.00 to $99.00 in a research note on Friday, June 27th. UBS Group raised their price objective on Estee Lauder Companies from $62.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Finally, Barclays raised their price objective on Estee Lauder Companies from $63.00 to $84.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $86.95.

Estee Lauder Companies Stock Down 0.1%

EL opened at $90.85 on Monday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The business has a 50 day simple moving average of $85.23 and a 200-day simple moving average of $71.84. The stock has a market capitalization of $32.68 billion, a P/E ratio of -37.54, a P/E/G ratio of 6.49 and a beta of 1.18. Estee Lauder Companies has a 12 month low of $48.37 and a 12 month high of $103.44.

Institutional Investors Weigh In On Estee Lauder Companies

Several hedge funds have recently made changes to their positions in the business. TD Private Client Wealth LLC boosted its holdings in Estee Lauder Companies by 246.4% in the second quarter. TD Private Client Wealth LLC now owns 478 shares of the company’s stock valued at $39,000 after acquiring an additional 340 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Estee Lauder Companies by 1,182.1% during the first 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 in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Estee Lauder Companies by 69.5% during the second quarter. Golden State Wealth Management LLC now owns 512 shares of the company’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Estee Lauder Companies during the second quarter worth about $42,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Estee Lauder Companies during the second quarter worth about $44,000. Institutional investors and hedge funds 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.