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 TipRanks.com, 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.

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.