Estee Lauder Cos. Reaches New 12-Month High at $72.96 (EL)
Estee Lauder Cos. (NYSE:EL)’s share price reached a new 52-week high during mid-day trading on Tuesday, Analyst Ratings Network reports. The stock traded as high as $72.96 and last traded at $72.81, with a volume of 1,563,144 shares traded. The stock had previously closed at $71.56.
A number of research firms have recently commented on EL. Analysts at Zacks reiterated a “neutral” rating on shares of Estee Lauder Cos. in a research note to investors on Friday, October 4th. They now have a $73.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Estee Lauder Cos. in a research note to investors on Thursday, September 12th. They now have a $72.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Estee Lauder Cos. 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. Estee Lauder Cos. currently has an average rating of “Buy” and a consensus price target of $74.84.
Estee Lauder Cos. has a one year low of $56.04 and a one year high of $72.70. The stock has a 50-day moving average of $67.02 and a 200-day moving average of $67.10. The company has a market cap of $28.207 billion and a P/E ratio of 27.74.
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 $2.89 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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