The Estée Lauder Companies (EL) Gets a Buy from Goldman Sachs
Goldman Sachs analyst Bonnie Herzog maintained a Buy rating on The Estée Lauder Companies yesterday. The company’s shares closed yesterday at $82.47.
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Herzog covers the Consumer Defensive sector, focusing on stocks such as Philip Morris, Constellation Brands, and Boston Beer. According to TipRanks, Herzog has an average return of 5.5% and a 56.87% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for The Estée Lauder Companies with a $92.76 average price target.
Based on The Estée Lauder Companies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.71 billion and a net profit of $89 million. In comparison, last year the company earned a revenue of $3.55 billion and had a net profit of $159 million
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