Estee Lauder Cos. Price Target Raised to $79.00 at Stifel Nicolaus (EL)
Stifel Nicolaus lifted their price objective on shares of Estee Lauder Cos. (NYSE:EL) from $78.00 to $79.00 in a research note issued on Thursday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 13.36% from the company’s current price.
A number of other firms have also recently commented on EL. Analysts at Citigroup Inc. upgraded shares of Estee Lauder Cos. (NYSE:EL) from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a $78.00 price target on the stock, up previously from $75.00. Separately, analysts at Deutsche Bank raised their price target on shares of Estee Lauder Cos. (NYSE:EL) from $70.00 to $72.00 in a research note to investors on Friday, August 16th. They now have a “hold” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Estee Lauder Cos. (NYSE:EL) from $78.00 to $77.00 in a research note to investors on Friday, August 16th. They now have an “outperform” rating on the stock.
One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Estee Lauder Cos. presently has a consensus rating of “Buy” and an average target price of $74.72.
Shares of Estee Lauder Cos. (NYSE:EL) opened at 69.69 on Thursday. Estee Lauder Cos. has a 52 week low of $56.04 and a 52 week high of $72.70. The stock has a 50-day moving average of $66.71 and a 200-day moving average of $67.01. The company has a market cap of $26.998 billion and a P/E ratio of 27.01.
Estee Lauder Cos. (NYSE:EL) last released its earnings data on Thursday, August 15th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.03. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Estee Lauder Cos. will post $2.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Wednesday, August 28th.
In other Estee Lauder Cos. news, CEO Fabrizio Freda unloaded 30,961 shares of the stock on the open market in a transaction dated Friday, September 6th. The stock was sold at an average price of $67.35, for a total value of $2,085,223.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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