Oppenheimer Believes The Estée Lauder Companies Inc (EL) Still Has Room to Grow


In a report released today, Rupesh Parikh from Oppenheimer assigned a Buy rating to The Estée Lauder Companies Inc (EL). The company’s shares closed on Friday at $156.04, close to its 52-week high of $159.37.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.6% and a 64.4% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Wal-Mart Stores Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for The Estée Lauder Companies Inc with a $157.46 average price target, representing a 0.9% upside. In a report issued on March 7, J.P. Morgan also upgraded the stock to Buy with a $175 price target.

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Based on The Estée Lauder Companies Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.01 billion and net profit of $573 million. In comparison, last year the company earned revenue of $3.74 billion and had a net profit of $123 million.

Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. Last month, Paul Fribourg, a Director at EL sold 6,003 shares for a total of $939,590.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Estée Lauder Companies, Inc. engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MžAžC, Bobbi Brown, La Mer, Jo Malone London, Aveda, and Too Faced.