Estée Lauder Companies (NYSE:EL) Price Target Raised to $150.00 at Barclays

Estée Lauder Companies (NYSE:EL) had its target price upped by analysts at Barclays from $146.00 to $150.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 1.73% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Wells Fargo & Company lifted their target price on Estée Lauder Companies from $155.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Royal Bank of Canada raised their price target on Estée Lauder Companies from $115.00 to $131.00 and gave the company a “sector perform” rating in a report on Tuesday, February 6th. Citigroup raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their price target for the company from $160.00 to $175.00 in a report on Tuesday, April 2nd. DA Davidson reissued a “buy” rating and issued a $191.00 price target on shares of Estée Lauder Companies in a report on Monday, April 22nd. Finally, The Goldman Sachs Group assumed coverage on Estée Lauder Companies in a report on Friday, March 1st. They set a “neutral” rating and a $145.00 price objective for the company. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $168.17.

Estée Lauder Companies Trading Up 1.7 %

EL opened at $147.45 on Thursday. Estée Lauder Companies has a one year low of $102.22 and a one year high of $250.63. The company has a market cap of $52.86 billion, a P/E ratio of 113.42, a PEG ratio of 3.80 and a beta of 1.07. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. The business’s 50-day simple moving average is $146.86 and its 200-day simple moving average is $138.25.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter last year, the business posted $1.54 EPS. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. As a group, equities research analysts expect that Estée Lauder Companies will post 2.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Keybank National Association OH lifted its stake in shares of Estée Lauder Companies by 11.3% in the third quarter. Keybank National Association OH now owns 4,507 shares of the company’s stock worth $651,000 after acquiring an additional 458 shares in the last quarter. Impax Asset Management Group plc lifted its stake in shares of Estée Lauder Companies by 517.6% in the fourth quarter. Impax Asset Management Group plc now owns 46,633 shares of the company’s stock worth $6,820,000 after acquiring an additional 39,082 shares in the last quarter. ICICI Prudential Asset Management Co Ltd lifted its stake in shares of Estée Lauder Companies by 221.9% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 62,780 shares of the company’s stock worth $9,075,000 after acquiring an additional 43,280 shares in the last quarter. YCG LLC lifted its stake in shares of Estée Lauder Companies by 5.7% in the fourth quarter. YCG LLC now owns 178,242 shares of the company’s stock worth $26,068,000 after acquiring an additional 9,619 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Estée Lauder Companies by 37.1% in the third quarter. Nordea Investment Management AB now owns 1,411,163 shares of the company’s stock worth $205,776,000 after acquiring an additional 381,860 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

About Estée 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.