JPMorgan Chase & Co. Analysts Give Estee Lauder Companies (EL) a $154.00 Price Target
Estee Lauder Companies (NYSE:EL) has been assigned a $154.00 price target by JPMorgan Chase & Co. in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 9.56% from the company’s previous close.
A number of other research firms have also recently issued reports on EL. Stifel Nicolaus decreased their price target on shares of Estee Lauder Companies from $160.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, May 3rd. Morgan Stanley increased their target price on shares of Estee Lauder Companies from $153.00 to $162.00 and gave the company an “overweight” rating in a research note on Tuesday, May 15th. DA Davidson increased their target price on shares of Estee Lauder Companies from $131.00 to $134.00 and gave the company a “neutral” rating in a research note on Thursday, May 3rd. Evercore ISI began coverage on shares of Estee Lauder Companies in a research note on Tuesday, May 22nd. They issued a “buy” rating and a $170.00 target price for the company. Finally, Credit Suisse Group reduced their target price on shares of Estee Lauder Companies from $162.00 to $156.00 and set an “outperform” rating for the company in a research note on Thursday, May 3rd. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $144.81.
Estee Lauder Companies stock opened at $140.56 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.82. Estee Lauder Companies has a one year low of $104.01 and a one year high of $158.80. The firm has a market cap of $49.90 billion, a price-to-earnings ratio of 40.51, a price-to-earnings-growth ratio of 1.99 and a beta of 0.62.
Institutional investors and hedge funds have recently made changes to their positions in the business. CSat Investment Advisory L.P. bought a new position in Estee Lauder Companies during the second quarter worth about $106,000. Amussen Hunsaker Associates LLC bought a new position in Estee Lauder Companies during the second quarter worth about $112,000. Itau Unibanco Holding S.A. lifted its stake in Estee Lauder Companies by 400.6% during the second quarter. Itau Unibanco Holding S.A. now owns 796 shares of the company’s stock worth $114,000 after purchasing an additional 637 shares during the period. Fort L.P. bought a new position in Estee Lauder Companies during the second quarter worth about $116,000. Finally, Massey Quick Simon & CO. LLC bought a new position in Estee Lauder Companies during the second quarter worth about $144,000. Hedge funds and other institutional investors own 54.54% of the company’s stock.
Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.
Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.