The Estee Lauder Cos (NYSE:EL) Is Now Covered By Evercore ISI Group. What can We Expect?

May 23, 2018 - By Jeanette Kaplan

The Estée Lauder Companies Inc. (NYSE:EL) Logo

Investors sentiment increased to 1.2 in 2017 Q4. Its up 0.17, from 1.03 in 2017Q3. It increased, as 41 investors sold The Estée Lauder Companies Inc. shares while 224 reduced holdings. 112 funds opened positions while 206 raised stakes. 188.03 million shares or 1.16% less from 190.23 million shares in 2017Q3 were reported.

Credit Agricole S A invested 0.32% in The Estée Lauder Companies Inc. (NYSE:EL). Savings Bank Of Nova Scotia accumulated 180,118 shares. Princeton Strategies Grp Inc Ltd Liability, New Jersey-based fund reported 6,035 shares. Conning has 5,726 shares. Griffin Asset Management has invested 0.04% in The Estée Lauder Companies Inc. (NYSE:EL). Beach Counsel Pa reported 0.09% stake. New York-based Cipher Capital Limited Partnership has invested 0.19% in The Estée Lauder Companies Inc. (NYSE:EL). Deutsche Commercial Bank Ag, a Germany-based fund reported 1.22M shares. Cambridge Invest Advsrs holds 3,127 shares. Commonwealth Retail Bank Of Aus holds 0.03% or 22,911 shares in its portfolio. Andra Ap owns 26,800 shares or 0.08% of their US portfolio. Gateway Advisers Limited Liability Corporation accumulated 11,971 shares. Cetera Advsrs Limited Liability owns 0.02% invested in The Estée Lauder Companies Inc. (NYSE:EL) for 3,112 shares. Guggenheim Capital Limited Liability owns 727,786 shares. Fred Alger accumulated 879 shares.

Since February 5, 2018, it had 0 insider purchases, and 10 sales for $37.14 million activity. TRAVIS TRACEY THOMAS had sold 5,000 shares worth $685,100 on Tuesday, February 13. Trower Alexandra C. had sold 26,039 shares worth $3.63M on Thursday, February 15. $7.69 million worth of stock was sold by Freda Fabrizio on Friday, February 16. LAUDER RONALD S FOUNDATION sold $2.27 million worth of The Estée Lauder Companies Inc. (NYSE:EL) on Tuesday, February 13. Another trade for 13,050 shares valued at $1.80M was made by Haney Carl P. on Monday, February 12. MOSS SARA E also sold $4.22M worth of The Estée Lauder Companies Inc. (NYSE:EL) on Friday, February 16.

Why Has Evercore ISI Group Given The Estee Lauder Cos (NYSE:EL) a $170 Price Target

Analysts at Evercore ISI Group has started coverage on shares of The Estee Lauder Cos (NYSE:EL) in analysts note sent to investors and clients on Wednesday, 23 May. The company set “Outperform” rating on the $55.53 billion market cap company.

The Estée Lauder Companies Inc. (NYSE:EL) Ratings Coverage

Among 16 analysts covering The Estee Lauder Cos (NYSE:EL), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. The Estee Lauder Cos has $17000 highest and $134 lowest target. $150.69’s average target is -0.40% below currents $151.3 stock price. The Estee Lauder Cos had 31 analyst reports since December 14, 2017 according to SRatingsIntel. On Thursday, May 3 the stock rating was maintained by Stifel Nicolaus with “Buy”. BMO Capital Markets maintained it with “Hold” rating and $140.0 target in Tuesday, January 30 report. The stock has “Outperform” rating by Credit Suisse on Thursday, May 3. Oppenheimer maintained The Estée Lauder Companies Inc. (NYSE:EL) rating on Tuesday, January 23. Oppenheimer has “Buy” rating and $148.0 target. The stock of The Estée Lauder Companies Inc. (NYSE:EL) has “Neutral” rating given on Thursday, May 3 by DA Davidson. Deutsche Bank upgraded the shares of EL in report on Thursday, May 3 to “Buy” rating. The firm earned “Buy” rating on Wednesday, January 17 by Jefferies. The stock of The Estée Lauder Companies Inc. (NYSE:EL) has “Buy” rating given on Sunday, May 20 by Wells Fargo. The firm earned “Overweight” rating on Monday, February 5 by Morgan Stanley. The stock has “Buy” rating by Piper Jaffray on Sunday, February 4.

The stock increased 2.31% or $3.42 during the last trading session, reaching $151.3. About 1.68 million shares traded. The Estée Lauder Companies Inc. (NYSE:EL) has risen 70.93% since May 24, 2017 and is uptrending. It has outperformed by 59.38% the S&P500.

Analysts await The Estée Lauder Companies Inc. (NYSE:EL) to report earnings on August, 17. They expect $0.56 EPS, up 9.80 % or $0.05 from last year’s $0.51 per share. EL’s profit will be $205.54 million for 67.54 P/E if the $0.56 EPS becomes a reality. After $1.17 actual EPS reported by The Estée Lauder Companies Inc. for the previous quarter, Wall Street now forecasts -52.14 % negative EPS growth.

The Estée Lauder Companies Inc. manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company has market cap of $55.53 billion. The firm offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools. It has a 52.72 P/E ratio. It also provides fragrance products in various forms comprising eau de parfum sprays and colognes, lotions, powders, creams, bath/shower products, candles, and soaps; and hair care products consisting of shampoos, conditioners, styling products, treatment, finishing sprays, and hair color products, as well as sells ancillary services and products.

More recent The Estée Lauder Companies Inc. (NYSE:EL) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: Celgene, Cypress Semi, Intuit, KemPharm, Oasis Petroleum, Rio Tinto, Shake …” on May 23, 2018. Also Benzinga.com published the news titled: “Earnings Preview For Estee Lauder” on May 01, 2018. Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 23, 2018” with publication date: May 23, 2018 was also an interesting one.

The Estée Lauder Companies Inc. (NYSE:EL) Institutional Positions Chart

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