Estee Lauder Companies Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:EL)
Shares of Estee Lauder Companies (NYSE:EL) have been given an average recommendation of “Buy” by the eighteen analysts that are presently covering the company, StockRatingsNetwork reports. Three analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $81.33.
EL has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Estee Lauder Companies from $90.00 to $95.00 in a research note on Wednesday, May 28th. They now have an “outperform” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Estee Lauder Companies in a research note on Tuesday, May 6th. They now have a $78.00 price target on the stock.
Shares of Estee Lauder Companies (NYSE:EL) opened at 76.60 on Friday. Estee Lauder Companies has a 52 week low of $63.63 and a 52 week high of $77.00. The stock has a 50-day moving average of $73.98 and a 200-day moving average of $71.53. The company has a market cap of $29.322 billion and a P/E ratio of 29.14.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.09. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the company posted $0.45 earnings per share. Estee Lauder Companies’s revenue was up 11.3% compared to the same quarter last year. On average, analysts predict that Estee Lauder Companies will post $3.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Wednesday, May 28th.
In other Estee Lauder Companies news, VP Sara E. Moss unloaded 20,000 shares of the stock on the open market in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $76.10, for a total transaction of $1,522,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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