Estee Lauder Companies Earns “Buy” Rating from Citigroup Inc. (EL)
Estee Lauder Companies (NYSE:EL)‘s stock had its “buy” rating restated by Citigroup Inc. in a research note issued on Monday. They currently have a $87.00 target price on the stock, up from their previous target price of $81.00. Citigroup Inc.’s price objective suggests a potential upside of 14.23% from the company’s current price.
Shares of Estee Lauder Companies (NYSE:EL) traded up 0.85% during mid-day trading on Monday, hitting $76.81. 950,230 shares of the company’s stock traded hands. Estee Lauder Companies has a one year low of $63.63 and a one 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 $29.418 billion and a P/E ratio of 24.89.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Friday, August 15th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Analysts expect that Estee Lauder Companies will post $3.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Wednesday, August 27th.
EL has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Stifel Nicolaus raised their price target on shares of Estee Lauder Companies from $80.00 to $85.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.54.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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