Oppenheimer analyst Rupesh Parikh maintained a Buy rating on The Estée Lauder Companies (NYSE:EL) on Thursday, setting a price target of $240, which is approximately 12.52% above the present share price of $213.29.
Parikh expects The Estée Lauder Companies to post earnings per share (EPS) of -$0.02 for the third quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in The Estée Lauder Companies, with an average price target of $205.5.
The analysts price targets range from a high of $240 to a low of $156.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $3.35 billion and a net profit of $479 million. The company's market cap is $76.5 billion.
According to TipRanks.com, Oppenheimer analyst Rupesh Parikh is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.9% and a 63.99% success rate.
The Estée Lauder Companies, Inc. engages in the manufacturing 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. Its channels primarily consist of department stores, specialty multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas. The company was founded by Estée Lauder and Joseph Lauder in 1946 and is headquartered in New York, NY.