Barclays Capital (BCS) Analysts Raise Price Target on Estee Lauder Companies Inc (EL) to $115.00
Friday, July 01, 2011 1:20 PM

Equities research analysts at Barclays Capital (NYSE: BCS) boosted their price target on shares of Estee Lauder Companies Inc (NYSE: EL) from $100.00 to $115.00 in a research note to investors on Friday. The analysts currently have an "overweight" rating on the stock.

Separately, analysts at Zacks Investment Research downgraded shares of Estee Lauder Companies Inc from an "outperform" rating to a "neutral" rating in a research note to investors on Tuesday, May 10th. Also, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Estee Lauder Companies Inc from $85.00 to $90.00 in a research note to investors on Friday, May 6th. They now have a "hold" rating on the stock.

Shares of Estee Lauder Companies Inc traded down 0.72% during mid-day trading on Monday, hitting $104.43. Estee Lauder Companies Inc has a 52 week low of $54.17 and a 52 week high of $106.57. The stock's 50-day moving average is $99.76 and its 200-day moving average is $92.09. The company has a market cap of $20.528 billion and a price-to-earnings ratio of 31.02.

Estee Lauder Companies Inc last announced its quarterly results on Thursday, May 5th. The company reported $0.71 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.57 EPS by $0.14. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 16.70% on a year-over-year basis. On average, analysts predict that Estee Lauder Companies Inc will post $1.12 EPS next quarter.

The Estee Lauder Companies Inc. is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. Its products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, MzAzC, Bobbi Brown, La Mer and Aveda. It is also the global licensee for fragrances and/or cosmetics sold under brand names, such as Tommy Hilfiger, Donna Karan, Michael Kors, Sean John and Coach. These channels consists over 30,000 points of sale, department stores, specialty retailers, upscale perfumeries and pharmacies and prestige salons and spas. In addition, its products are sold in freestanding Company-owned stores and spas, its own and authorized retailer Websites, stores on cruise ships, direct response television (DRTV), in-flight and duty-free shops and certain fragrances are sold in self-select outlets. On July 1, 2010, the Company acquired Smashbox Beauty Cosmetics.

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