e.l.f. Beauty Inc (ELF) Coverage Initiated at SunTrust Banks Inc.
Equities research analysts at SunTrust Banks Inc. began coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research report issued on Monday. The brokerage set a “buy” rating and a $32.00 price target on the stock. SunTrust Banks Inc.’s price target would suggest a potential upside of 19.05% from the stock’s current price.
A number of other equities research analysts have also commented on the company. Piper Jaffray Cos. initiated 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. JPMorgan Chase & Co. initiated coverage on e.l.f. Beauty in a research report on Monday. They set a “neutral” rating and a $28.00 price target on the stock. William Blair initiated coverage on e.l.f. Beauty in a research report on Monday. They set an “outperform” rating on the stock. Stifel Nicolaus assumed coverage on e.l.f. Beauty in a research report on Monday. They set a “hold” rating and a $25.00 price target on the stock. Finally, Wells Fargo & Co. assumed coverage on e.l.f. Beauty in a report on Monday. They set a “market perform” rating for the company. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $29.17.
e.l.f. Beauty (NYSE:ELF) opened at 26.88 on Monday. The stock’s market cap is $83.54 million. e.l.f. Beauty has a 1-year low of $23.73 and a 1-year high of $28.92. The firm’s 50-day moving average price is $26.46 and its 200 day moving average price is $26.46.
In other e.l.f. Beauty news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the company’s 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 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 filing with the Securities & Exchange Commission, which is available at 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.
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