Estee Lauder Cos. Upgraded to Outperform at Sanford C. Bernstein (EL)
Estee Lauder Cos. (NYSE:EL) was upgraded by research analysts at Sanford C. Bernstein to an “outperform” rating in a report released on Monday, American Banking & Market News reports.
A number of other firms have also recently commented on EL. Analysts at Zacks reiterated a “neutral” rating on shares of Estee Lauder Cos. in a research note on Thursday, March 13th. They now have a $74.00 price target on the stock. Separately, analysts at UBS AG initiated coverage on shares of Estee Lauder Cos. in a research note on Monday, March 3rd. They set a “buy” rating and a $81.00 price target on the stock. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.95.
Shares of Estee Lauder Cos. (NYSE:EL) traded up 0.48% on Monday, hitting $67.30. 6,167,900 shares of the company’s stock traded hands. Estee Lauder Cos. has a 1-year low of $63.04 and a 1-year high of $75.77. The stock’s 50-day moving average is $68.47 and its 200-day moving average is $70.91. The company has a market cap of $26.062 billion and a price-to-earnings ratio of 26.27.
Estee Lauder Cos. (NYSE:EL) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.07 by $0.02. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the company posted $1.16 earnings per share. Estee Lauder Cos.’s revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that Estee Lauder Cos. will post $2.87 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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