Estee Lauder Cos., Inc. (EL): Not A Time To Panic Nor Freeze

Estee Lauder Cos., Inc. (EL) concluded trading on Wednesday at a closing price of $146.48, with 3.39 million shares of worth about $497.07 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.15% during that period and on April 3, 2024 the price saw a loss of about -4.12%. Currently the company’s common shares owned by public are about 232.08M shares, out of which, 231.93M shares are available for trading.

However, the stock later moved at a day high price of 155.13, or with a loss of -4.12%. Stock saw a price change of 5.15% in past 5 days and over the past one month there was a price change of -0.88%. Year-to-date (YTD), EL shares are showing a performance of 0.16% which decreased to -40.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $102.22 but also hit the highest price of $260.46 during that period. The average intraday trading volume for Estee Lauder Cos., Inc. shares is 2.80 million. The stock is currently trading -1.35% below its 20-day simple moving average (SMA20), while that difference is up 1.70% for SMA50 and it goes to -2.28% lower than SMA200.

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Estee Lauder Cos., Inc. (NYSE: EL) currently have 232.08M outstanding shares and institutions hold larger chunk of about 59.27% of that.

The stock has a current market capitalization of $52.51B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 113.09, while it has posted earnings per share of $1.30 in the same period. Its PEG reads 5.40 and has Quick Ratio of 0.96 while making debt-to-equity ratio of 1.79. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EL, volatility over the week remained 3.81% while standing at 2.97% over the month.

Stock’s fiscal year EPS is expected to drop by -35.17% while it is estimated to increase by 88.62% in next year. EPS is likely to grow at an annualized rate of 20.93% for next 5-years, compared to annual growth of -1.12% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on April 02, 2024 offering a Buy rating for the stock and assigned a target price range of between $160 and $175 to it. Coverage by BofA Securities stated Estee Lauder Cos., Inc. (EL) stock as a Buy in their note to investors on March 28, 2024, suggesting a price target of $170 for the stock. On March 01, 2024, Goldman Resumed their recommendations, while on February 06, 2024, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $155. Stock get a Hold rating from Deutsche Bank on January 02, 2024.

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