Deutsche Bank Aktiengesellschaft Lowers Estée Lauder Companies (NYSE:EL) Price Target to $159.00

Estée Lauder Companies (NYSE:EL) had its target price dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from $160.00 to $159.00 in a research note issued on Wednesday. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 19.59% from the stock’s previous close.

EL has been the subject of several other reports. Oppenheimer reiterated a “market perform” rating on shares of Estée Lauder Companies in a research note on Monday, April 15th. Bernstein Bank increased their price objective on shares of Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday. Royal Bank of Canada boosted their target price on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the company a “sector perform” rating in a report on Tuesday, February 6th. StockNews.com downgraded shares of Estée Lauder Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Finally, The Goldman Sachs Group assumed coverage on shares of Estée Lauder Companies in a research note on Friday, March 1st. They set a “neutral” rating and a $145.00 price objective for the company. Seventeen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $160.92.

Estée Lauder Companies Price Performance

Shares of EL stock traded down $1.99 during midday trading on Wednesday, reaching $132.95. 3,791,920 shares of the company traded hands, compared to its average volume of 2,798,211. The firm’s 50 day simple moving average is $146.22 and its two-hundred day simple moving average is $138.23. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 0.96. The firm has a market cap of $47.66 billion, a PE ratio of 74.69, a price-to-earnings-growth ratio of 3.38 and a beta of 1.07. Estée Lauder Companies has a 1-year low of $102.22 and a 1-year high of $209.64.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. Estée Lauder Companies’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. On average, equities research analysts expect that Estée Lauder Companies will post 2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in Estée Lauder Companies during the fourth quarter worth about $518,975,000. Jennison Associates LLC acquired a new position in shares of Estée Lauder Companies in the 1st quarter valued at approximately $291,171,000. Lazard Asset Management LLC increased its stake in Estée Lauder Companies by 68.5% during the 3rd quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock worth $537,850,000 after purchasing an additional 1,512,982 shares in the last quarter. FMR LLC lifted its stake in Estée Lauder Companies by 35.4% in the third quarter. FMR LLC now owns 5,311,174 shares of the company’s stock valued at $767,730,000 after buying an additional 1,387,271 shares in the last quarter. Finally, Carmignac Gestion boosted its holdings in shares of Estée Lauder Companies by 1,908.0% in the fourth quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock valued at $174,895,000 after buying an additional 1,136,201 shares during the period. 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.