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Estée Lauder Companies (NYSE:EL – Get Rating) had its price objective boosted by investment analysts at Piper Sandler from $255.00 to $290.00 in a report released on Tuesday, The Fly reports. Piper Sandler’s price objective indicates a potential upside of 16.88% from the stock’s current price.
Several other equities analysts have also issued reports on the company. Wells Fargo & Company boosted their price target on Estée Lauder Companies from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, November 16th. Group Credit Suisse dropped their price target on Estée Lauder Companies from $260.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. Morgan Stanley boosted their price target on Estée Lauder Companies from $245.00 to $271.00 and gave the company an “overweight” rating in a research note on Monday, December 19th. Telsey Advisory Group lowered their target price on Estée Lauder Companies from $377.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, November 3rd. Finally, Redburn Partners initiated coverage on Estée Lauder Companies in a research report on Thursday, December 15th. They set a “sell” rating and a $210.00 target price on th e stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $268.04.
Estée Lauder Companies Price Performance
Shares of EL opened at $248.11 on Tuesday. Estée Lauder Companies has a 52-week low of $186.47 and a 52-week high of $374.20. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.11 and a current ratio of 1.68. The business’s 50 day moving average price is $227.14 and its two-hundred day moving average price is $240.54. The firm has a market cap of $88.53 billion, a PE ratio of 41.42, a price-to-earnings-growth ratio of 4.86 and a beta of 0.95.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of EL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Estée Lauder Companies by 281.3% in the 2nd quarter. DZ Maran AG Deutsche Zentral Genossenschafts Genossenschafts owns 1,512,608 shares of the company’s stock valued at $385,452,000 after purchasing an additional 1,115,869 shares during the period. Voya Investment Management LLC grew its stake in shares of Estée Lauder Companies by 581.7% during the 2nd quarter. Voya Investment Management LLC now owns 782,436 shares of the company’s stock worth $199,263,000 after acquiring an additional 667,656 shares during the period. Alecta Tjanstepension Omsesidigt grew its stake in shares of Estée Lauder Companies by 32.6% during the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 2,583,300 shares of the company’s stock worth $558,587,000 after acquiring an additional 635,000 shares during the period. Lazard Asset Mana gement LLC grew its stake in shares of Estée Lauder Companies by 614.5% during the 2nd quarter. Lazard Asset Management LLC now owns 659,490 shares of the company’s stock worth $167,951,000 after acquiring an additional 567,190 shares during the period. Finally, Ninety One UK Ltd grew its stake in shares of Estée Lauder Companies by 20.5% during the 1st quarter. Ninety One UK Ltd now owns 3,093,432 shares of the company’s stock worth $842,403,000 after acquiring an additional 525,319 shares during the period. Institutional investors own 55.74% of the company’s stock.
About Estée Lauder Companies
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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.
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