JP Morgan Initiates Coverage On Estee Lauder Companies Inc to Overweight with Price Target $100

JP Morgan Initiates Coverage On Estee Lauder Companies Inc(EL). In a research note issued to the investors, the brokerage major Announces the price-target to $100 per share. The shares have been rated Overweight. The rating by the stock financial advisor at JP Morgan was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 2, 2017, PiperJaffray said it Upgrades its rating on Estee Lauder Companies Inc. According to the research note, PiperJaffray Raises the price target to $95 per share from a prior target of $81. The shares have been rated ‘Overweight’ by the firm. On Jan 26, 2017, Oppenheimer said it Upgrades its rating on Estee Lauder Companies Inc. The shares have been rated ‘Outperform’ by the firm. On Jan 11, 2017, UBS said it Downgrades its rating on Estee Lauder Companies Inc. The shares have been rated ‘Neutral’ by the firm.

Estee Lauder Companies Inc (EL) shares turned negative on Fridays trading session with the shares closing down -0.51 points or -0.59% at a volume of 18,88,192. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $87.23. The peak price level was also seen at $87.23 while the days lowest was $85.31. Finally the shares closed at $86.01. The 52-week high of the shares is $97.48 while the 52-week low is $75.295. According to the latest information available, the market cap of the company is $31,515 M.

Estee Lauder Companies Inc(EL) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2017 and Q2.Company reported revenue of $3.208B. Analysts had an estimated revenue of $3.260B. Earnings per share were $1.22. Analysts had estimated an EPS of $1.18.

Several Insider Transactions has been reported to the SEC. On Feb 21, 2017, Irvine O Jr Hockaday (director) sold 3,300 shares at $85.02 per share price.Also, On Feb 21, 2017, Fabrizio Freda (President and CEO) sold 18,708 shares at $84.56 per share price.On Feb 14, 2017, Alexandra C. Trower (EVP – Global Communications) sold 2,362 shares at $83.27 per share price, according to the Form-4 filing with the securities and exchange commission.

The Estee Lauder Companies Inc. is a manufacturer and marketer of skin care makeup fragrance and hair care products. The Company’s 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.

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