Estee Lauder Cos. Stock Rating Reaffirmed by Deutsche Bank (EL)
Estee Lauder Cos. (NYSE:EL)‘s stock had its “hold” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Thursday, Analyst Ratings.Net reports. They currently have a $72.00 target price on the stock. Deutsche Bank’s target price would indicate a potential upside of 3.31% from the stock’s previous close.
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 price-to-earnings ratio of 27.01.
Estee Lauder Cos. (NYSE:EL) last issued its quarterly 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. Analysts expect that Estee Lauder Cos. will post $2.88 EPS for the current fiscal year.
A number of other firms have also recently commented on EL. Analysts at Stifel Nicolaus raised their price target on shares of Estee Lauder Cos. (NYSE:EL) from $78.00 to $79.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, 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. 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 given a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $74.72.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 16th. Shareholders 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 Estee Lauder Cos. stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $67.35, for a total transaction of $2,085,223.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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