The Estee Lauder Companies Inc. (NYSE:EL) Given Consensus Rating of “Hold” by Brokerages

The Estee Lauder Companies Inc. (NYSE:EL) has earned a consensus recommendation of “Hold” from the twenty-one research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $96.9474.

A number of brokerages have weighed in on EL. Telsey Advisory Group decreased their price target on shares of Estee Lauder Companies from $105.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, May 4th. Canaccord Genuity Group upped their price objective on Estee Lauder Companies from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, May 4th. The Goldman Sachs Group initiated coverage on Estee Lauder Companies in a research report on Monday, June 22nd. They issued a “buy” rating and a $100.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on Estee Lauder Companies from $99.00 to $94.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Finally, Sanford C. Bernstein started coverage on Estee Lauder Companies in a research report on Friday, June 12th. They set a “market perform” rating and a $82.00 price target for the company.

Institutional Trading of Estee Lauder Companies

A number of institutional investors have recently modified their holdings of EL. Bank of America Corp DE increased its position in Estee Lauder Companies by 950.9% during the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock worth $993,567,000 after purchasing an additional 12,526,471 shares in the last quarter. Schroder Investment Management Group raised its holdings in Estee Lauder Companies by 185.3% in the fourth quarter. Schroder Investment Management Group now owns 8,140,550 shares of the company’s stock valued at $861,596,000 after buying an additional 5,286,875 shares during the period. J. Stern & Co. LLP lifted its position in Estee Lauder Companies by 4,281.3% during the fourth quarter. J. Stern & Co. LLP now owns 4,094,761 shares of the company’s stock valued at $4,094,761,000 after buying an additional 4,001,300 shares in the last quarter. Norges Bank purchased a new stake in Estee Lauder Companies during the fourth quarter worth approximately $308,912,000. Finally, M&T Bank Corp grew its stake in Estee Lauder Companies by 16,270.3% during the fourth quarter. M&T Bank Corp now owns 2,667,208 shares of the company’s stock worth $279,310,000 after buying an additional 2,650,915 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Price Performance

Estee Lauder Companies stock opened at $86.05 on Monday. Estee Lauder Companies has a 1 year low of $66.22 and a 1 year high of $121.64. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27. The firm has a 50 day moving average price of $84.20 and a 200 day moving average price of $87.23. The company has a market cap of $31.13 billion, a price-to-earnings ratio of -122.92, a PEG ratio of 0.68 and a beta of 1.25.

About Estee Lauder Companies

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.