e.l.f. Beauty Inc (ELF) Given Average Rating of “Buy” by Analysts
e.l.f. Beauty Inc (NYSE:ELF) has received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $29.17.
ELF has been the topic of a number of recent analyst reports. Cowen and Company initiated coverage on e.l.f. Beauty in a research report on Monday. They issued an “outperform” rating and a $32.00 price objective on the stock. SunTrust Banks Inc. began coverage on e.l.f. Beauty in a research report on Monday. They issued a “buy” rating and a $32.00 price objective on the stock. William Blair began coverage on e.l.f. Beauty in a research report on Monday. They set an “outperform” rating on the stock. Morgan Stanley began coverage on e.l.f. Beauty in a research report on Monday. They set an “equal weight” rating and a $28.00 price target on the stock. Finally, Piper Jaffray Cos. began coverage on e.l.f. Beauty in a research report on Monday. They set an “overweight” rating and a $30.00 price target on the stock.
Shares of e.l.f. Beauty (NYSE:ELF) traded up 1.74% during midday trading on Monday, hitting $27.41. The company had a trading volume of 365,924 shares. e.l.f. Beauty has a 52 week low of $23.73 and a 52 week high of $28.92. The firm’s 50 day moving average is $26.37 and its 200 day moving average is $26.37. The company’s market capitalization is $85.19 million.
In other news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of e.l.f. Beauty stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $15.81, for a total value of $23,049,414.81. Following the transaction, the insider now owns 8,279,999 shares in the company, valued at $130,906,784.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
e.l.f. Beauty Company Profile
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.
Receive News & Stock Ratings for e.l.f. Beauty Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty Inc and related stocks with our FREE daily email newsletter.