Oppenheimer Reiterates “Market Perform” Rating for Estée Lauder Companies (NYSE:EL)

Estée Lauder Companies (NYSE:EL)‘s stock had its “market perform” rating reissued by analysts at Oppenheimer in a research note issued to investors on Monday, Benzinga reports.

A number of other research firms have also recently issued reports on EL. Citigroup upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $160.00 to $175.00 in a research report on Tuesday, April 2nd. Barclays lifted their target price on Estée Lauder Companies from $141.00 to $146.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. DA Davidson restated a “buy” rating and set a $179.00 price target on shares of Estée Lauder Companies in a report on Tuesday, April 2nd. JPMorgan Chase & Co. boosted their price target on Estée Lauder Companies from $150.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Finally, Royal Bank of Canada boosted their price target on Estée Lauder Companies from $115.00 to $131.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $168.00.

Estée Lauder Companies Stock Down 0.2 %

EL opened at $136.93 on Monday. Estée Lauder Companies has a fifty-two week low of $102.22 and a fifty-two week high of $260.46. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. The company has a market capitalization of $49.09 billion, a P/E ratio of 105.33, a P/E/G ratio of 3.61 and a beta of 1.07. The stock has a fifty day moving average of $146.56 and a 200-day moving average of $138.03.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The company had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter last year, the firm earned $1.54 earnings per share. The company’s revenue was down 7.4% on a year-over-year basis. On average, equities analysts expect that Estée Lauder Companies will post 2.23 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Rakuten Securities Inc. purchased a new position in shares of Estée Lauder Companies during the 4th quarter valued at $26,000. Riverview Trust Co purchased a new stake in Estée Lauder Companies during the 1st quarter worth about $26,000. Quarry LP purchased a new stake in Estée Lauder Companies during the 4th quarter worth about $29,000. Arlington Trust Co LLC purchased a new stake in Estée Lauder Companies during the 3rd quarter worth about $32,000. Finally, Chilton Capital Management LLC purchased a new stake in Estée Lauder Companies during the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.