Estee Lauder Cos. Rating Reiterated by Zacks (EL)
Estee Lauder Cos. (NYSE:EL)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Friday, American Banking and Market News reports. They currently have a $73.00 target price on the stock. Zacks‘ target price would suggest a potential upside of 5.13% from the stock’s previous close.
Zacks‘ analyst wrote, “Estee Lauder’s fourth-quarter fiscal 2013 earnings of $0.24 per share increased 41.0% year over year. The results also beat the Zacks Consensus Estimate by 9.1%. Profits were driven by strong sales and higher operating income. Net sales climbed 8% backed by strong results in all geographical regions. We are also impressed with the company’s cost saving initiatives which boosts margins. Moreover, aggressive marketing investment coupled with continued product innovation is expected to boost sales in the coming quarters. Further, the company’s fast expansion into emerging markets is expected to insulate it from the ongoing macroeconomic challenges in the western countries. However, lack of strategic acquisitions and a difficult consumer spending environment remain overhangs. We, thus, prefer to remain on the sidelines with a Neutral rating. “
A number of other analysts have also recently weighed in on EL. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Estee Lauder Cos. (NYSE:EL) in a research note to investors on Thursday, September 12th. They now have a $72.00 price target on the stock. Separately, 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, September 12th. They now have a “buy” rating on the stock. Finally, 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, September 9th. They now have a $78.00 price target on the stock, up previously from $75.00. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $74.84.
Estee Lauder Cos. (NYSE:EL) traded up 0.98% on Friday, hitting $70.12. The stock had a trading volume of 777,408 shares. Estee Lauder Cos. has a 1-year low of $56.04 and a 1-year high of $72.70. The stock’s 50-day moving average is $68.86 and its 200-day moving average is $67.71. The company has a market cap of $27.165 billion and a P/E ratio of 26.91.
Estee Lauder Cos. (NYSE:EL) last released its earnings data on Thursday, August 15th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter 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 Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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