Estee Lauder Companies (NYSE:EL) Price Target Raised to $99.00

Estee Lauder Companies (NYSE:EL) had its price target boosted by equities researchers at Telsey Advisory Group from $66.00 to $99.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s price target indicates a potential upside of 3.88% from the stock’s current price.

Several other analysts have also issued reports on EL. JPMorgan Chase & Co. raised Estee Lauder Companies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $62.00 to $101.00 in a report on Friday, July 25th. Wall Street Zen upgraded Estee Lauder Companies from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. B. Riley restated a “neutral” rating and set a $60.00 price objective (down from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Barclays upped their price objective on Estee Lauder Companies from $63.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. Finally, Evercore ISI upped their price objective on Estee Lauder Companies from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, June 26th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Estee Lauder Companies has an average rating of “Hold” and a consensus target price of $85.65.

Estee Lauder Companies Stock Performance

EL opened at $95.30 on Thursday. The firm has a market cap of $34.28 billion, a P/E ratio of -39.38, a price-to-earnings-growth ratio of 6.55 and a beta of 1.18. Estee Lauder Companies has a 52-week low of $48.37 and a 52-week high of $103.44. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.02 and a current ratio of 1.41. The business’s fifty day moving average is $83.90 and its 200-day moving average is $71.86.

Hedge Funds Weigh In On Estee Lauder Companies

Hedge funds have recently made changes to their positions in the stock. Capital World Investors acquired a new stake in Estee Lauder Companies during the fourth quarter worth approximately $554,509,000. Norges Bank acquired a new stake in Estee Lauder Companies in the second quarter valued at approximately $189,663,000. Schroder Investment Management Group grew its stake in Estee Lauder Companies by 593.3% in the second quarter. Schroder Investment Management Group now owns 2,211,624 shares of the company’s stock valued at $178,699,000 after acquiring an additional 1,892,629 shares during the period. Federated Hermes Inc. grew its stake in Estee Lauder Companies by 556.8% in the second quarter. Federated Hermes Inc. now owns 1,554,088 shares of the company’s stock valued at $125,570,000 after acquiring an additional 1,317,473 shares during the period. Finally, Invesco Ltd. grew its stake in Estee Lauder Companies by 21.9% in the first quarter. Invesco Ltd. now owns 6,681,785 shares of the company’s stock valued at $440,998,000 after acquiring an additional 1,200,537 shares during the period. 55.15% of the stock is currently owned by institutional investors.

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.