Estee Lauder (NYSE:EL) has been downgraded from Overweight to Neutral in a statement by Piper Jaffray earlier today.
- Updated: October 14, 2016
Piper Jaffray has downgraded Estee Lauder (NYSE:EL) from Overweight to Neutral in a statement released on 10/14/2016.
Boasting a price of $88.15, Estee Lauder (NYSE:EL) traded -0.03% lower on the day. With the last stock price close down -4.23% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Estee Lauder has recorded a 50-day average of $88.52 and a two hundred day average of $92.04. Volume of trade was down over the average, with 1,224,097 shares of EL changing hands under the typical 1,570,510
With a total market value of $0, Estee Lauder has price-earnings ratio of 29.78 with a one year low of $80.18 and a one year high of $97.48 .
A total of 20 equity analysts have released a research note on EL. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $102.80.
More About Estee Lauder (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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