The Estée Lauder Companies Inc (EL) Receives a Buy from Piper Jaffray

By Ryan Adsit

In a report released today, Erinn Murphy from Piper Jaffray reiterated a Buy rating on The Estée Lauder Companies Inc (ELResearch Report), with a price target of $151. The company’s shares opened today at $130.10.

According to, Murphy ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -3.5% and a 43.1% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, G-III Apparel Group, and Deckers Outdoor.

Currently, the analyst consensus on The Estée Lauder Companies Inc is a Strong Buy with an average price target of $150.25.

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Based on The Estée Lauder Companies Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.52 billion and net profit of $500 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 85 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Paul Fribourg, a Director at EL sold 13,759 shares for a total of $2,098,798.

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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.