Analysts fell to the sidelines weighing in on Inter Parfums (NASDAQ:IPAR) and elf Beauty Inc (NYSE:ELF) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
Inter Parfums (IPAR)
In a report released yesterday, Stephanie Wissink from Jefferies reiterated a Hold rating on Inter Parfums, with a price target of $60. The company’s shares closed yesterday at $64.20, close to its 52-week high of $64.50.
According to TipRanks.com, Wissink is a 3-star analyst with an average return of 1.6% and a 50.0% success rate. Wissink covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Build-A-Bear, and Sally Beauty.
Currently, the analyst consensus on Inter Parfums is a Strong Buy with an average price target of $60.50.
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elf Beauty Inc (ELF)
In a report released today, Bonnie Herzog from Wells Fargo maintained a Hold rating on elf Beauty Inc, with a price target of $13. The company’s shares closed yesterday at $14.91, close to its 52-week low of $13.36.
Herzog said:
“We think ELF should have moved sooner as the company is now shifting strategy in the face of declining category growth and with an elevated competitive environment. In addition, we see margin pressure behind stepped up spending and potential tariffs as ELF imports 100% of its product from China. While growth expectations have now been reset, we still feel there is too much uncertainty looking forward and maintain our Market Perform rating.”
According to TipRanks.com, Herzog is a 4-star analyst with an average return of 6.4% and a 64.0% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Edgewell Personal Care, and Colgate-Palmolive.
Currently, the analyst consensus on elf Beauty Inc is a Moderate Buy with an average price target of $17.83, implying a 19.6% upside from current levels. In a report issued on July 26, Oppenheimer also downgraded the stock to Hold.
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