Evercore ISI Forecasts Strong Price Appreciation for Estee Lauder Companies (NYSE:EL) Stock

Estee Lauder Companies (NYSE:EL) had its price target increased by equities research analysts at Evercore ISI from $90.00 to $100.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price target would suggest a potential upside of 24.57% from the stock’s previous close.

Several other analysts have also recently issued reports on EL. UBS Group increased their price target on shares of Estee Lauder Companies from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Wall Street Zen cut shares of Estee Lauder Companies from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Wells Fargo & Company cut their target price on shares of Estee Lauder Companies from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and upped their target price for the stock from $71.00 to $95.00 in a research note on Monday, June 23rd. Finally, Telsey Advisory Group restated a “market perform” rating and set a $76.00 target price on shares of Estee Lauder Companies in a research note on Thursday, May 1st. Seventeen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $74.45.

Estee Lauder Companies Trading Up 1.6%

NYSE EL opened at $80.28 on Thursday. The stock has a market capitalization of $28.88 billion, a P/E ratio of -33.17, a PEG ratio of 8.16 and a beta of 1.12. Estee Lauder Companies has a 12 month low of $48.37 and a 12 month high of $110.19. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The firm’s 50-day moving average is $66.28 and its two-hundred day moving average is $68.90.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.36. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The business’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. On average, sell-side analysts anticipate that Estee Lauder Companies will post 1.36 earnings per share for the current year.

Institutional Investors Weigh In On Estee Lauder Companies

Hedge funds have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Estee Lauder Companies by 1,182.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company’s stock worth $33,000 after purchasing an additional 461 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Estee Lauder Companies by 47.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock worth $36,000 after purchasing an additional 154 shares during the period. Winthrop Capital Management LLC lifted its holdings in shares of Estee Lauder Companies by 2,240.0% during the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company’s stock worth $39,000 after purchasing an additional 560 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Estee Lauder Companies by 57.3% during the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company’s stock worth $41,000 after purchasing an additional 228 shares during the period. Finally, CVA Family Office LLC lifted its holdings in shares of Estee Lauder Companies by 116.2% during the first quarter. CVA Family Office LLC now owns 668 shares of the company’s stock worth $44,000 after purchasing an additional 359 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.