Estée Lauder Companies (NYSE:EL) Price Target Cut to $70.00 by Analysts at Canaccord Genuity Group

Estée Lauder Companies (NYSE:EL) had its price objective dropped by stock analysts at Canaccord Genuity Group from $76.00 to $70.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 0.87% from the company’s current price.

EL has been the topic of a number of other reports. Citigroup lowered shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $105.00 to $80.00 in a research note on Thursday, October 31st. Barclays raised their price objective on shares of Estée Lauder Companies from $63.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Stifel Nicolaus downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Thursday, October 31st. CICC Research initiated coverage on Estée Lauder Companies in a research note on Friday, December 27th. They issued a “market perform” rating and a $82.00 price target on the stock. Finally, The Goldman Sachs Group decreased their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $92.73.

Estée Lauder Companies Trading Down 16.2 %

EL opened at $69.40 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The firm has a market cap of $24.91 billion, a P/E ratio of 123.92, a P/E/G ratio of 5.89 and a beta of 1.03. Estée Lauder Companies has a 52 week low of $62.29 and a 52 week high of $159.75. The business has a fifty day simple moving average of $77.22 and a 200-day simple moving average of $83.52.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. Estée Lauder Companies’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. On average, equities analysts expect that Estée Lauder Companies will post 1.5 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Paul J. Fribourg bought 75,500 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the transaction, the director now owns 310,000 shares of the company’s stock, valued at approximately $20,128,300. This trade represents a 32.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 12.78% of the stock is currently owned by corporate insiders.

Institutional Trading of Estée Lauder Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameliora Wealth Management Ltd. purchased a new position in shares of Estée Lauder Companies in the fourth quarter valued at $29,000. Deseret Mutual Benefit Administrators grew its stake in Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after acquiring an additional 158 shares during the last quarter. Eagle Bay Advisors LLC raised its position in Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Estée Lauder Companies during the fourth quarter worth about $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies in the third quarter valued at approximately $31,000. Institutional investors and hedge funds 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, and powders, as well as compacts, brushes, and other makeup tools.