Estée Lauder Companies (NYSE:EL) Price Target Cut to $145.00 by Analysts at JPMorgan Chase & Co.

Estée Lauder Companies (NYSE:EL) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from $169.00 to $145.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 8.68% from the company’s previous close.

EL has been the subject of several other reports. StockNews.com cut Estée Lauder Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Royal Bank of Canada boosted their target price on Estée Lauder Companies from $115.00 to $131.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 6th. Raymond James boosted their target price on Estée Lauder Companies from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, February 6th. The Goldman Sachs Group initiated coverage on Estée Lauder Companies in a research note on Friday, March 1st. They set a “neutral” rating and a $145.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on Estée Lauder Companies from $155.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and an average target price of $162.38.

Estée Lauder Companies Trading Up 4.7 %

Shares of NYSE EL traded up $6.05 during trading on Thursday, reaching $133.42. The stock had a trading volume of 2,937,144 shares, compared to its average volume of 2,763,422. Estée Lauder Companies has a fifty-two week low of $102.22 and a fifty-two week high of $210.01. 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 business’s 50-day moving average price is $146.50 and its 200-day moving average price is $138.26. The company has a market cap of $47.83 billion, a P/E ratio of 102.47, a PEG ratio of 3.85 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. On average, equities research analysts predict that Estée Lauder Companies will post 2.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EL. Exchange Traded Concepts LLC lifted its stake in shares of Estée Lauder Companies by 1,900.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock worth $40,000 after purchasing an additional 266 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Estée Lauder Companies by 29.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 22,201 shares of the company’s stock worth $3,209,000 after buying an additional 5,025 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Estée Lauder Companies by 40.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,619 shares of the company’s stock worth $2,402,000 after buying an additional 4,773 shares during the period. Simon Quick Advisors LLC acquired a new stake in Estée Lauder Companies in the 3rd quarter valued at $259,000. Finally, Independent Advisor Alliance increased its holdings in Estée Lauder Companies by 27.6% in the 3rd quarter. Independent Advisor Alliance now owns 1,386 shares of the company’s stock valued at $200,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

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.