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A number of firms have modified their ratings and price targets on shares of Estee Lauder Companies (NYSE: EL) recently:

  • Estee Lauder Companies was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $76.00 price target on the stock.
  • Estee Lauder Companies had its price target raised by analysts at JPMorgan Chase & Co. from $74.00 to $78.00.
  • Estee Lauder Companies had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $80.00 price target on the stock, up previously from $78.00.
  • Estee Lauder Companies was downgraded by analysts at Morgan Stanley to an “overweight” rating. They now have a $87.00 price target on the stock, up previously from $84.00. They wrote, “EL adj. Q3 EPS of $0.64 was well ahead of our on-consensus $0.55 estimate (despite a 2 cent tax rate headwind), with strong 8% timing adj. local FX sales growth, above the 6-7% consensus and market expectations in the 5-6% range. Relative to consensus, Q3 topline was 2.5% above, with 2% gross profit (GM’s were 60 bps light vs. consensus) and +16% operating upside. EL performed well in a difficult environment, with 8% org. sales growth above L’Oreal (luxury) at +7% and LVMH’s Perfume/Cosmetics at +5%.”
  • Estee Lauder Companies had its price target lowered by analysts at B. Riley from $89.00 to $88.00.
  • Estee Lauder Companies had its price target raised by analysts at Telsey Advisory Group from $76.00 to $81.00. They now have a “not rated” rating on the stock.
  • Estee Lauder Companies had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $78.00 price target on the stock. Zacks‘ analyst wrote, “Estee Lauder’s third-quarter fiscal 2014 earnings of $0.54 per missed the Zacks Consensus Estimate by a penny. Earnings, however, went up 20% year over year and were within management’s guidance due to higher revenues. Net sales climbed 8% year over year and met Zacks Consensus Estimate backed by strong results in most of the product categories in all the geographical regions. We are impressed with the company’s aggressive marketing investment coupled with continued product innovation which 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, the difficult consumer spending environment remains, which keeps us on the sidelines with a Neutral rating. “
  • Estee Lauder Companies was upgraded by analysts at Ned Davis Research from a “neutral” rating to a “buy” rating.

Estee Lauder Companies Inc (NYSE:EL) traded up 0.53% during mid-day trading on Monday, hitting $73.63. 1,120,812 shares of the company’s stock traded hands. Estee Lauder Companies Inc has a 52 week low of $63.63 and a 52 week high of $76.24. The stock’s 50-day moving average is $70.53 and its 200-day moving average is $71.08. The company has a market cap of $28.185 billion and a price-to-earnings ratio of 27.86.

The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.

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