The Estée Lauder Companies (EL) Gets a Buy from Citi

In a report released today, Filippo Falorni from Citi maintained a Buy rating on The Estée Lauder Companies, with a price target of $92.00.

Claim 30% Off TipRanks

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Falorni covers the Consumer Defensive sector, focusing on stocks such as The Estée Lauder Companies, Boston Beer, and Clorox. According to TipRanks, Falorni has an average return of -1.0% and a 52.35% success rate on recommended stocks.

In addition to Citi, The Estée Lauder Companies also received a Buy from Bank of America Securities’s Ashley Wallace in a report issued on April 13. However, on April 14, Barclays maintained a Hold rating on The Estée Lauder Companies (NYSE: EL).

Based on The Estée Lauder Companies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.24 billion and a net profit of $162 million. In comparison, last year the company earned a revenue of $4 billion and had a GAAP net loss of $590 million