Jefferies Believes Estee Lauder Companies (NYSE: EL) Still Has Room to Grow

By Austin Angelo

Estee Lauder Companies (NYSE: EL) received a Buy rating from Jefferies analyst Kevin Grundy today. The company’s shares opened today at $95, close to its 52-week high of $95.38.

According to, Grundy is a 5-star analyst with an average return of 6.4% and a 80.3% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Spectrum Brands Holdings, Edgewell Personal Care, and Monster Beverage Corp.

Currently, the analyst consensus on Estee Lauder Companies is Strong Buy and the average price target is $96, representing a 1.1% upside.

In a report issued on May 31, RBC Capital also reiterated a Buy rating on the stock with a $100 price target.

Estee Lauder Companies’ market cap is currently $34.77B and has a P/E ratio of 31.63. The company has a book value ratio of 8.4414.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Last month, John Demsey, the Group President of EL sold 23,304 shares for a total of $2,190,576.

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Estee Lauder Cos., Inc. manufactures and markets skin care, makeup, fragrance, and hair care products. It offers skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; fragrance products, including lotions, powders, creams, candles, and soaps; makeup products, and other ancillary products. It sells products under the following brand names: Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, Kiton, La Mer, Bobbi Brown, Aveda, Bumble and bumble, Michael Kors, Darphin, GoodSkin Labs, Tom Ford, Ojon, Smashbox, Ermenegildo Zegna, AERIN, Osiao, Marni, Tory Burch, RODIN olio lusso, Le Labo, and GLAMGLOW. The company was founded by Estée Lauder and Joseph Lauder in 1946 and is headquartered in New York, NY.