Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Estee Lauder Companies (NYSE:EL) Stock

Estee Lauder Companies (NYSE:EL) had its price target increased by investment analysts at Deutsche Bank Aktiengesellschaft from $95.00 to $98.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 7.85% from the stock’s previous close.

A number of other analysts have also weighed in on EL. Telsey Advisory Group raised their target price on Estee Lauder Companies from $66.00 to $99.00 and gave the company a “market perform” rating in a research note on Thursday. Hsbc Global Res upgraded Estee Lauder Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. HSBC upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and raised their target price for the company from $80.00 to $99.00 in a research note on Friday, June 27th. B. Riley reiterated a “neutral” rating and issued a $60.00 price target (down previously from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Finally, Wall Street Zen upgraded Estee Lauder Companies from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.80.

Estee Lauder Companies Stock Performance

Shares of NYSE:EL opened at $90.87 on Thursday. Estee Lauder Companies has a twelve month low of $48.37 and a twelve month high of $103.44. The firm has a market cap of $32.69 billion, a PE ratio of -37.55, a price-to-earnings-growth ratio of 6.39 and a beta of 1.18. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.02 and a current ratio of 1.41. The business has a fifty day moving average of $84.79 and a 200-day moving average of $71.95.

Hedge Funds Weigh In On Estee Lauder Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EL. Bank Pictet & Cie Europe AG lifted its holdings in shares of Estee Lauder Companies by 5.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company’s stock valued at $6,838,000 after purchasing an additional 4,690 shares in the last quarter. American Assets Inc. bought a new position in shares of Estee Lauder Companies during the 4th quarter valued at about $487,000. Federated Hermes Inc. lifted its holdings in shares of Estee Lauder Companies by 25.8% during the 4th quarter. Federated Hermes Inc. now owns 1,345 shares of the company’s stock valued at $101,000 after purchasing an additional 276 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of Estee Lauder Companies by 22.0% during the 4th quarter. Advisory Services Network LLC now owns 3,466 shares of the company’s stock valued at $260,000 after purchasing an additional 624 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Estee Lauder Companies by 19.7% during the 4th quarter. Bessemer Group Inc. now owns 2,792 shares of the company’s stock valued at $209,000 after purchasing an additional 460 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Company Profile

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, and powders, as well as compacts, brushes, and other makeup tools.