Bernstein Raises Estee Lauder Companies Price Target to $82.00 (EL)
Research analysts at Bernstein hoisted their target price on shares of Estee Lauder Companies (NYSE:EL) from $81.00 to $82.00 in a report released on Monday. Bernstein’s price objective suggests a potential upside of 7.67% from the stock’s previous close.
Shares of Estee Lauder Companies (NYSE:EL) traded up 0.82% on Monday, hitting $76.7875. The stock had a trading volume of 799,041 shares. Estee Lauder Companies has a 1-year low of $63.63 and a 1-year high of $77.34. The stock’s 50-day moving average is $74.84 and its 200-day moving average is $72.17. The company has a market cap of $29.410 billion and a price-to-earnings ratio of 24.89.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Friday, August 15th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.10. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the company posted $0.24 earnings per share. Estee Lauder Companies’s revenue was up 13.2% compared to the same quarter last year. On average, analysts predict that Estee Lauder Companies will post $3.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of other firms have also recently commented on EL. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Estee Lauder Companies in a research note on Monday. They now have a $87.00 price target on the stock, up previously from $81.00. Separately, analysts at Telsey Advisory Group reiterated a “” rating on shares of Estee Lauder Companies in a research note on Monday. They now have a $81.00 price target on the stock. Finally, analysts at B. Riley cut their price target on shares of Estee Lauder Companies from $81.00 to $78.00 in a research note on Monday. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Estee Lauder Companies has a consensus rating of “Buy” and a consensus price target of $83.54.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
Receive News & Ratings for Estee Lauder Companies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.