Estee Lauder Companies Inc (NYSE:EL) has been downgraded to Neutral in a report by Piper Jaffray Cos. today.
- Updated: October 13, 2016
Piper Jaffray Cos. has downgraded Estee Lauder Companies Inc (NYSE:EL) to Neutral in a report released on 10/13/2016.
Only yesterday Estee Lauder Companies Inc (NYSE:EL) traded -0.03% lower at $88.15. Estee Lauder Companies Inc’s 50-day moving average is $88.52 and its 200-day moving average is $92.04. With the last stock price close down -4.23% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,224,097 shares of the stock were exchanged, down from an average trading volume of 1,570,510
With a market capitalization of $0, Estee Lauder Companies Inc has price-earnings ratio of 29.78 with a 52 week low of $80.18 and a 52 week high of $97.48 .
Also covering Estee Lauder Companies Inc's target, a total of 20 brokerages have issued a ratings update on the stock. The consensus target price is $102.80 with 0 firms rating the stock a strong buy, 0 analysts rating the company a buy, zero equity analysts rating the company a hold, 0 brokerages rating the stock a underperform, and finally zero brokers rating the stock a sell.
General Information About Estee Lauder Companies Inc (NYSE:EL)
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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