Oppenheimer analyst Rupesh Parikh assigned a Buy rating to The Estée Lauder Companies (EL – Research Report) today and set a price target of $355.00. The company’s shares closed last Wednesday at $323.08, close to its 52-week high of $328.65.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 12.1% and a 66.7% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Albertsons Companies, and Church & Dwight.
Currently, the analyst consensus on The Estée Lauder Companies is a Strong Buy with an average price target of $340.13, which is a 4.6% upside from current levels. In a report issued on July 13, Raymond James also upgraded the stock to Buy with a $355.00 price target.
The company has a one-year high of $328.65 and a one-year low of $187.75. Currently, The Estée Lauder Companies has an average volume of 1.19M.
Based on the recent corporate insider activity of 125 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EL in relation to earlier this year. Last month, Rose Marie Bravo, a Director at EL sold 4,234 shares for a total of $1,288,110.
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Founded in 1946, New York-based Estée Lauder Companies, Inc. manufactures and sells skin care, makeup, fragrance and hair care products. It offers its products through department stores, specialty multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas, under the Estée Lauder, Clinique, Origins, MžAžC, Bobbi Brown, La Mer, Jo Malone London, Aveda, and Too Faced brands.