Estee Lauder Companies PT Lowered to $78.00 (EL)
Research analysts at B. Riley reduced their price target on shares of Estee Lauder Companies (NYSE:EL) from $81.00 to $78.00 in a report released on Monday. B. Riley’s target price points to a potential upside of 2.42% from the company’s current price.
EL has been the subject of a number of other recent research reports. 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. Separately, analysts at Argus initiated coverage on shares of Estee Lauder Companies in a research note on Thursday, July 17th. They set a “buy” rating and a $88.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Estee Lauder Companies in a research note on Wednesday, July 9th. They now have a $84.00 price target on the stock, up previously from $82.00. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Estee Lauder Companies has a consensus rating of “Buy” and a consensus price target of $82.92.
Shares of Estee Lauder Companies (NYSE:EL) opened at 76.16 on Monday. Estee Lauder Companies has a 52-week low of $63.63 and a 52-week high of $77.34. The stock has a 50-day moving average of $74.84 and a 200-day moving average of $72.17. The company has a market cap of $29.169 billion and a price-to-earnings ratio of 24.80.
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 announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders 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.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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