The Estée Lauder Companies Inc (EL) Receives a Buy from Wells Fargo


Wells Fargo analyst Bonnie Herzog maintained a Buy rating on The Estée Lauder Companies Inc (NYSE: EL) today. The company’s shares closed yesterday at $128.48.

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 5.1% and a 67.1% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Constellation Brands Inc, and Edgewell Personal Care.

Currently, the analyst consensus on The Estée Lauder Companies Inc is a Moderate Buy with an average price target of $152.22, implying a 18.5% upside from current levels. In a report issued on October 15, Stifel Nicolaus also maintained a Buy rating on the stock with a $145 price target.

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Based on The Estée Lauder Companies Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.3 billion and net profit of $186 million. In comparison, last year the company earned revenue of $3.27 billion and had a net profit of $427 million.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, William Lauder, the EC of EL bought 775,562 shares for a total of $18,215,132.

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.

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