Herzog observed:
“We increase our FY20 EPS est. by $0.25 to $6.05 to reflect the FQ4 beat & mgmt’s optimistic FY20 outlook, and our FY21 EPS est to $6.60 and raise our price target by $15 to $190. After today’s sharp positive stock performance (+13% vs. the the stock trading at a 31.6x 15% premium to its 3-yr historical avg), we think most of this strength is priced in. Therefore, we urge investors to hold the stock – maintain Market Perform.”
According to TipRanks.com, Herzog is a 4-star analyst with an average return of 3.2% and a 62.9% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Edgewell Personal Care, and Monster Beverage Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Estée Lauder Companies Inc with a $197.50 average 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 $3.59 billion and net profit of $157 million. In comparison, last year the company earned revenue of $3.3 billion and had a net profit of $186 million.
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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.