CLSA Upgrades Estee Lauder Companies Inc to Buy

Brokerage firm CLSA Upgrades its rating on Estee Lauder Companies Inc(NYSE:EL). The shares have been rated Buy. Previously, the analysts had a Outperform rating on the shares. The rating by CLSA was issued on Jun 13, 2016.

In a different note, On Mar 23, 2016, Morgan Stanley said it Maintains its rating on Estee Lauder Companies Inc. In the research note, the firm Raises the price-target to $99.00 per share. The shares have been rated ‘Overweight’ by the firm. On Mar 16, 2016, Goldman Sachs said it Downgrades its rating on Estee Lauder Companies Inc. The shares have been rated ‘Neutral’ by the firm.

Estee Lauder Companies Inc (EL) made into the market gainers list on Fridays trading session with the shares advancing 0.25% or 0.23 points. Due to strong positive momentum, the stock ended at $91.94, which is also near the day’s high of $92.27. The stock began the session at $91.78 and the volume stood at 16,46,538 shares. The 52-week high of the shares is $97.48 and the 52 week low is $73.67. The company has a current market capitalization of $33,948 M and it has 36,92,37,810 shares in outstanding.

Estee Lauder Companies Inc(EL) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $2.66B. Analysts had an estimated revenue of $2.66B. Earnings per share were $0.73. Analysts had estimated an EPS of $0.61.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Carl P. Haney (EVP-Global R&D) sold 34,483 shares at $93.39 per share price.Also, On May 20, 2016, Ronald S Foundation Lauder (10% owner) sold 25,000 shares at $90.63 per share price.On May 18, 2016, Alexandra C. Trower (EVP – Global Communications) sold 34,650 shares at $92.06 per share price, according to the Form-4 filing with the securities and exchange commission.

The Estee Lauder Companies Inc. is a manufacturer and marketer of skin care makeup fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names including Estee Lauder Aramis Clinique Origins Le Labo M.A.C Bobbi Brown La Mer and Aveda. It is also the global licensee for fragrances and/or cosmetics sold under brand names such as Tommy Hilfiger Donna Karan Michael Kors Tom Ford and Coach. It sells its products principally through limited distribution channels to complement the images associated with its brands. These channels include points of sale consisting of upscale department stores specialty retailers upscale perfumeries and pharmacies and prestige salons and spas. In addition its products are sold in freestanding Company-operated stores its own and authorized retailer Websites stores on cruise ships direct response television (DRTV) in-flight and duty-free shops.

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