e.l.f. Beauty Inc (ELF) Research Coverage Started at SunTrust Banks Inc.
Stock analysts at SunTrust Banks Inc. began coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a report issued on Monday, The Fly reports. The brokerage set a “buy” rating on the stock.
A number of other research firms have also commented on ELF. William Blair assumed coverage on shares of e.l.f. Beauty in a research note on Monday. They issued an “outperform” rating for the company. Wells Fargo & Co. assumed coverage on shares of e.l.f. Beauty in a research note on Monday. They issued a “market perform” rating for the company. Piper Jaffray Cos. assumed coverage on shares of e.l.f. Beauty in a research note on Monday. They issued an “overweight” rating for the company. Stifel Nicolaus assumed coverage on shares of e.l.f. Beauty in a research note on Monday. They issued a “hold” rating and a $25.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of e.l.f. Beauty in a research note on Monday. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.00.
e.l.f. Beauty (NYSE:ELF) opened at 26.94 on Monday. The stock’s market capitalization is $83.73 million. The firm has a 50-day moving average of $26.37 and a 200-day moving average of $26.37. e.l.f. Beauty has a 52-week low of $23.73 and a 52-week high of $28.92.
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In other e.l.f. Beauty news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $15.81, for a total value of $23,049,414.81. Following the completion of the sale, the insider now owns 8,279,999 shares in the company, valued at approximately $130,906,784.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
About e.l.f. Beauty
e.l.f. Beauty, Inc is a holding company that offers its services in the cosmetics category. The Company’s cosmetics category consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, and excludes beauty tools and accessories, such as brushes and applicators. It offers various brands in the cosmetics industry.
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