Raymond James analyst Joseph Altobello reiterated a Buy rating on The Estée Lauder Companies (NYSE:EL) on Thursday, setting a price target of $235, which is approximately 7.77% above the present share price of $218.06.
Altobello expects The Estée Lauder Companies to post earnings per share (EPS) of -$1.28 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 $225.38.
The analysts price targets range from a high of $244 to a low of $180.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $2.43 billion and a net profit of -$221 million. The company's market cap is $78.68 billion.
According to TipRanks.com, Raymond James analyst Joseph Altobello is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 10.4% and a 61.74% 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.