Credit Agricole Upgrades Estee Lauder Cos. to “Outperform” (EL)
Estee Lauder Cos. (NYSE:EL) was upgraded by Credit Agricole to an “outperform” rating in a research note issued on Monday, American Banking & Market News reports.
Estee Lauder Cos. (NYSE:EL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.03. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis.
A number of other analysts have also recently weighed in on EL. Analysts at RBC Capital initiated coverage on shares of Estee Lauder Cos. in a research note to investors on Monday, November 25th. They set an “outperform” rating and a $90.00 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Estee Lauder Cos. in a research note to investors on Tuesday, November 19th. They set an “outperform” rating and a $82.00 price target on the stock. Finally, analysts at B. Riley raised their price target on shares of Estee Lauder Cos. from $79.00 to $89.00 in a research note to investors on Monday, November 4th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $77.27.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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