Estee Lauder Companies (The) (NYSE:EL) stock is expected to deviate a maximum of $5.46 from the average target price of $102.6 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $110 and the most muted being $86.
The Estee Lauder Companies Inc. has lost 4.14% in the last five trading days and dropped 2.12% in the last 4 weeks. The Estee Lauder Companies Inc. has dropped 4.53% during the last 3-month period . Year-to-Date the stock performance stands at 4.04%. Also, Major Brokerage house, CLSA upgrades its ratings on Estee Lauder Companies (The) (NYSE:EL). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on June 13, 2016.
Estee Lauder Companies (The) (NYSE:EL) : 18 analysts are covering Estee Lauder Companies (The) (NYSE:EL) and their average rating on the stock is 1.58, which is read as a Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Estee Lauder Companies (The) (NYSE:EL) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Estee Lauder Companies (The) (NYSE:EL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $89.74 and $89.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $91.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $91.02, notching a gain of 1.46% for the day. The total traded volume was 2,718,722 . The stock had closed at $89.71 on the previous day.
In an insider trading activity, The officer (EVP-Global R&D), of Estee Lauder Companies Inc, Haney Carl P. had unloaded 34,483 shares at $93.39 per share in a transaction on June 7, 2016. The total value of transaction was $3,220,367. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
The Estee Lauder Companies Inc., is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Companys products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, 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, Tom Ford and Coach. It sells its products principally through limited distribution channels to complement the images associated with its brands. These channels include points of sale consisting of upscale department stores, specialty retailers, upscale perfumeries and pharmacies and prestige salons and spas. In addition, its products are sold in freestanding Company-operated stores, its own and authorized retailer Websites, stores on cruise ships, direct response television (DRTV), in-flight and duty-free shops.