Deutsche Bank Upgrades Estee Lauder Cos. to “Buy” (EL)
Estee Lauder Cos. (NYSE:EL) was upgraded by stock analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $82.00 target price on the stock, up from their previous target price of $76.00. Deutsche Bank’s price target suggests a potential upside of 11.05% from the stock’s previous close.
Estee Lauder Cos. (NYSE:EL) traded down 0.28% on Monday, hitting $73.84. 2,541,132 shares of the company’s stock traded hands. Estee Lauder Cos. has a one year low of $60.76 and a one year high of $75.77. The stock’s 50-day moving average is $74.04 and its 200-day moving average is $70.12. The company has a market cap of $28.646 billion and a P/E ratio of 28.70.
Estee Lauder Cos. (NYSE:EL) last posted its quarterly earnings results 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 last year, the company posted $0.77 earnings per share. Estee Lauder Cos.’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that Estee Lauder Cos. will post $2.88 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Estee Lauder Cos. in a research note to investors on Friday. They now have a $77.00 price target on the stock. Separately, analysts at Credit Agricole upgraded shares of Estee Lauder Cos. from an “underperform” rating to an “outperform” rating in a research note to investors on Monday, January 6th. Finally, 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. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $77.77.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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