Estee Lauder Companies (NYSE:EL) Price Target Raised to $99.00

Estee Lauder Companies (NYSE:EL) had its price objective increased by analysts at Telsey Advisory Group from $66.00 to $99.00 in a report released on Thursday, Marketbeat reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective points to a potential upside of 8.95% from the stock’s current price.

A number of other analysts have also commented on the company. Wall Street Zen raised Estee Lauder Companies from a “sell” rating to a “hold” rating in a report on Friday, June 27th. HSBC raised Estee Lauder Companies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $99.00 in a report on Friday, June 27th. Canaccord Genuity Group decreased their price objective on Estee Lauder Companies from $70.00 to $62.00 and set a “hold” rating for the company in a report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft raised Estee Lauder Companies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $71.00 to $95.00 in a report on Monday, June 23rd. Finally, Evercore ISI boosted their price objective on Estee Lauder Companies from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, June 26th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $85.80.

Estee Lauder Companies Stock Performance

Shares of Estee Lauder Companies stock opened at $90.87 on Thursday. Estee Lauder Companies has a one year low of $48.37 and a one year high of $103.44. The firm has a market capitalization of $32.69 billion, a price-to-earnings ratio of -37.55, a PEG ratio of 6.39 and a beta of 1.18. The business has a 50-day simple moving average of $84.79 and a 200 day simple moving average of $71.95. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02.

Hedge Funds Weigh In On Estee Lauder Companies

A number of hedge funds and other institutional investors have recently modified their holdings of EL. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Estee Lauder Companies by 1,182.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company’s stock valued at $33,000 after purchasing an additional 461 shares during the last quarter. Winthrop Capital Management LLC lifted its stake in Estee Lauder Companies by 2,240.0% in the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company’s stock valued at $39,000 after purchasing an additional 560 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in Estee Lauder Companies by 246.4% in the second quarter. TD Private Client Wealth LLC now owns 478 shares of the company’s stock valued at $39,000 after purchasing an additional 340 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in Estee Lauder Companies by 57.3% in the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company’s stock valued at $41,000 after purchasing an additional 228 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in Estee Lauder Companies in the second quarter valued at approximately $42,000. Hedge funds and other 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.