The Estée Lauder Companies (NYSE:EL) Price Target Raised to $331.00 at Morgan Stanley

The Estée Lauder Companies (NYSE:EL) had its price target raised by Morgan Stanley from $312.00 to $331.00 in a report released on Monday, The Fly reports. Morgan Stanley currently has an overweight rating on the stock.

Other equities analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft lifted their price target on The Estée Lauder Companies from $272.00 to $307.00 and gave the stock a buy rating in a research note on Monday, February 8th. Stifel Nicolaus lifted their price target on The Estée Lauder Companies from $245.00 to $270.00 and gave the stock a buy rating in a research note on Thursday, January 28th. Zacks Investment Research raised The Estée Lauder Companies from a hold rating to a strong-buy rating and set a $335.00 price target on the stock in a research note on Wednesday, February 10th. TheStreet raised The Estée Lauder Companies from a c+ rating to a b rating in a research note on Monday, November 2nd. Finally, Wells Fargo & Company lifted their price target on The Estée Lauder Companies from $265.00 to $290.00 and gave the stock an equal weight rating in a research note on Monday, February 8th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $275.05.

Shares of NYSE EL opened at $285.45 on Monday. The stock has a market cap of $103.55 billion, a price-to-earnings ratio of 174.06, a P/E/G ratio of 3.76 and a beta of 0.87. The company has a current ratio of 1.85, a quick ratio of 1.39 and a debt-to-equity ratio of 1.10. The Estée Lauder Companies has a 1-year low of $137.01 and a 1-year high of $297.55. The stock’s 50-day moving average is $262.29 and its 200 day moving average is $238.59.

The Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, February 4th. The company reported $2.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.92. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.49 billion. The Estée Lauder Companies had a return on equity of 32.72% and a net margin of 4.38%. The Estée Lauder Companies’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $2.11 EPS. On average, analysts forecast that The Estée Lauder Companies will post 5.24 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 15th. Investors of record on Friday, February 26th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Thursday, February 25th. The Estée Lauder Companies’s payout ratio is 51.46%.

Institutional investors have recently made changes to their positions in the stock. Old North State Trust LLC lifted its stake in The Estée Lauder Companies by 280.7% during the 4th quarter. Old North State Trust LLC now owns 712 shares of the company’s stock valued at $190,000 after acquiring an additional 525 shares during the period. LGT Capital Partners LTD. lifted its stake in The Estée Lauder Companies by 5.4% during the 4th quarter. LGT Capital Partners LTD. now owns 624,288 shares of the company’s stock valued at $166,179,000 after acquiring an additional 32,099 shares during the period. Redpoint Investment Management Pty Ltd lifted its stake in The Estée Lauder Companies by 14.7% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 4,862 shares of the company’s stock valued at $1,294,000 after acquiring an additional 623 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in The Estée Lauder Companies by 32.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 33,904 shares of the company’s stock valued at $9,024,000 after acquiring an additional 8,247 shares during the period. Finally, NN Investment Partners Holdings N.V. lifted its stake in The Estée Lauder Companies by 4.6% during the 4th quarter. NN Investment Partners Holdings N.V. now owns 729,627 shares of the company’s stock valued at $194,221,000 after acquiring an additional 31,862 shares during the period. Institutional investors own 54.98% of the company’s stock.

The Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

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The Fly

Analyst Recommendations for The Estée Lauder Companies (NYSE:EL)

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