Estee Lauder Companies Rating Reiterated by Credit Suisse (EL)
Estee Lauder Companies (NYSE:EL)‘s stock had its “outperform” rating reaffirmed by stock analysts at Credit Suisse in a report issued on Wednesday. They currently have a $84.00 price objective on the stock, up from their previous price objective of $82.00. Credit Suisse’s price target would indicate a potential upside of 12.49% from the stock’s previous close.
Estee Lauder Companies (NYSE:EL) traded up 0.82% on Wednesday, hitting $74.67. The stock had a trading volume of 1,390,068 shares. Estee Lauder Companies has a 52 week low of $63.63 and a 52 week high of $77.34. The stock’s 50-day moving average is $75.47 and its 200-day moving average is $71.78. The company has a market cap of $28.584 billion and a P/E ratio of 28.17.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Analysts expect that Estee Lauder Companies will post $3.05 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at B. Riley downgraded shares of Estee Lauder Companies from a “buy” rating to a “neutral” rating in a research note on Thursday, June 26th. They now have a $81.00 price target on the stock, down previously from $88.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Estee Lauder Companies in a research note on Thursday, June 19th. They now have a $80.00 price target on the stock. Finally, 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. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Estee Lauder Companies currently has a consensus rating of “Buy” and an average target price of $82.08.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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