This article was first published on www.analystratings.com
In a report issued on August 21, Nik Modi from RBC Capital reiterated a Buy rating on Estee Lauder Companies (NYSE: EL), with a price target of $105. The company’s shares closed last Friday at $79.83.
Currently, the analyst consensus on Estee Lauder Companies is Strong Buy and the average price target is $95.50, representing a 19.6% upside. In a report issued on August 18, Telsey Advisory also upgraded the stock to Buy with a $99 price target.
Based on Estee Lauder Companies` latest earnings report from March 31, the company posted quarterly revenue of $2.58B and quarterly net profit of $272.1M. In comparison, last year the company earned revenue of $2.73B and had a net profit of $257.7M.
Financial bloggers on sites such as SeekingAlpha, wsobserver.com and others, seem to have a Positive view on EL. When evaluating the opinions of financial bloggers over the last 3 months, 91% of bloggers have indicated a Bullish sentiment, while 9% have indicated a Bearish sentiment. The average blogger Bullish sentiment in the Consumer Goods sector is 71% which is less positive than the blogger sentiment of EL.
Unlike RBC Capital`s latest rating, based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. Earlier this month, John Demsey, a the Group President of EL sold 5,600 shares for a total of $467,544.
According to TipRanks.com, Modi is a 1-star analyst with an average return of -4.2% and a 66.7% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as Monster Beverage Corp, Coca-Cola Enterprises, and Reynolds American.
The Estee Lauder Companies Incis engaged in the manufacturing & marketing skin care, makeup, fragrance and hair care products.