Estee Lauder Companies (NYSE:EL) had its price objective boosted by research analysts at Citigroup from $197.00 to $231.00 in a research report issued on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Citigroup‘s target price points to a potential upside of 13.39% from the company’s current price.
EL has been the subject of a number of other research reports. Stifel Nicolaus raised their price target on Estee Lauder Companies from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Deutsche Bank restated a “buy” rating and issued a $221.00 price target (up previously from $202.00) on shares of Estee Lauder Companies in a research report on Tuesday. Wells Fargo & Co raised their price target on Estee Lauder Companies from $175.00 to $190.00 and gave the company a “market perform” rating in a research report on Monday. Macquarie increased their price objective on Estee Lauder Companies from $170.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Bank of America reaffirmed a “buy” rating and set a $220.00 price objective (up previously from $205.00) on shares of Estee Lauder Companies in a research note on Monday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $188.88.
Shares of EL stock opened at $203.72 on Tuesday. Estee Lauder Companies has a fifty-two week low of $121.47 and a fifty-two week high of $206.00. The stock has a market cap of $64.85 billion, a P/E ratio of 38.15, a P/E/G ratio of 2.38 and a beta of 0.81. The business has a fifty day simple moving average of $186.23 and a 200-day simple moving average of $170.72. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 0.62.
In related news, EVP Alexandra C. Trower sold 6,608 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $203.78, for a total transaction of $1,346,578.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.13% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of EL. Magellan Asset Management Ltd acquired a new stake in Estee Lauder Companies in the 2nd quarter worth about $442,334,000. Nuveen Asset Management LLC boosted its stake in Estee Lauder Companies by 41,387.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,343,235 shares of the company’s stock worth $429,069,000 after buying an additional 2,337,587 shares during the last quarter. Morgan Stanley boosted its stake in Estee Lauder Companies by 104.8% in the 2nd quarter. Morgan Stanley now owns 3,750,994 shares of the company’s stock worth $686,843,000 after buying an additional 1,919,751 shares during the last quarter. FMR LLC boosted its stake in Estee Lauder Companies by 10.9% in the 1st quarter. FMR LLC now owns 17,499,760 shares of the company’s stock worth $2,897,086,000 after buying an additional 1,724,423 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Estee Lauder Companies by 130.6% in the 2nd quarter. Bank of Montreal Can now owns 834,111 shares of the company’s stock worth $152,734,000 after buying an additional 472,325 shares during the last quarter. 54.82% of the stock is currently owned by hedge funds and other institutional investors.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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