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 lowered by stock analysts at JPMorgan Chase & Co. from $169.00 to $145.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 8.68% from the company’s previous close.

EL has been the topic of several other reports. Barclays lifted their target price on Estée Lauder Companies from $146.00 to $150.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Royal Bank of Canada lifted their target price on Estée Lauder Companies from $115.00 to $131.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 6th. StockNews.com downgraded Estée Lauder Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Oppenheimer reaffirmed a “market perform” rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Finally, Citigroup raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $175.00 in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and an average target price of $162.38.

Estée Lauder Companies Price Performance

Shares of NYSE EL traded up $6.05 during mid-day trading on Thursday, hitting $133.42. 2,937,144 shares of the stock traded hands, compared to its average volume of 2,763,422. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.36 and a quick ratio of 0.96. Estée Lauder Companies has a twelve month low of $102.22 and a twelve month high of $210.01. The company has a market cap of $47.83 billion, a PE ratio of 102.47, a price-to-earnings-growth ratio of 3.85 and a beta of 1.07. The firm has a 50 day simple moving average of $146.50 and a two-hundred day simple moving average of $138.26.

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

Institutional Trading of Estée Lauder Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EL. Exchange Traded Concepts LLC increased its holdings in 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 in the last quarter. Commonwealth Equity Services LLC increased its holdings in Estée Lauder Companies by 29.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 22,201 shares of the company’s stock worth $3,209,000 after purchasing an additional 5,025 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Estée Lauder Companies by 40.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,619 shares of the company’s stock worth $2,402,000 after purchasing an additional 4,773 shares in the last quarter. Simon Quick Advisors LLC bought a new stake in Estée Lauder Companies during the 3rd quarter worth approximately $259,000. Finally, Independent Advisor Alliance increased its holdings in Estée Lauder Companies by 27.6% during the 3rd quarter. Independent Advisor Alliance now owns 1,386 shares of the company’s stock worth $200,000 after purchasing an additional 300 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

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.