The Fundsmith LLP Takes Position in Estee Lauder Companies Inc. (EL)

Marcus Newton
November 2, 2017

Oppenheimer Holdings, Inc. reaffirmed a buy rating and issued a $120.00 price objective (up previously from $110.00) on shares of Estee Lauder Companies, Inc.

The increase in revenue for Estee Lauder Companies Inc in the first quarter of 2017 was due to a couple of segments seeing strong growth. As per Wednesday, September 30, the company rating was downgraded by Summit Research. (The) giving the company a "neutral" rating. Regents Of The University Of California stated it has 14.07% of its portfolio in Estee Lauder Companies Inc (NYSE:EL). Jefferies maintained the stock with "Buy" rating in Monday, June 19 report. Finally, Piper Jaffray Companies raised their target price on shares of Estee Lauder Companies, Inc. August 21 investment analysts at Deutsche Bank kept the company rating at "Buy" but raised the price target to $119.00 from $98.00.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 4 Sell and 11 Hold. (The) from $112.00 to $135.00 and gave the stock an overweight rating in a report on Wednesday. About shares traded. Minerals Technologies Inc (NYSE:MTX) has risen 31.01% since November 1, 2016 and is uptrending. The stock has reached the $122.82 mark after a recent check. 6,713,348 shares of the company were exchanged.

Estée Lauder shares looked set for a positive start to United States trading today after the makeup company exceeded quarterly sales and earnings forecasts. The stock's market capitalization is 41.14B, it has a 52-week low of 75.29 and a 52-week high of 112.49. EL's latest closing price was 26.95% away from the average price of 200 days while it maintained a distance of 10.83% from the 50 Day Moving Average and 9.37% away compared to its SMA 20. (The) (NYSE:EL) last announced its quarterly earnings results on Thursday, November 2nd.

Adjusted earnings per share for the first quarter was $1.21 per share, which also surpassed estimates of $0.97 per share. The business had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $3.16 billion. Estee Lauder Companies had a net margin of 9.73% and a return on equity of 32.90%. The firm's revenue for the quarter was up 14.3% compared to the same quarter a year ago. This move has generated increased interest from both analysts and investors.Since the start of the calendar year, The Estee Lauder Companies Inc. Regions Financial has invested 0.03% in Estee Lauder Companies Inc (NYSE:EL). "(The) (EL) Given a $135.00 Price Target at Piper Jaffray Companies" was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another publication, it was illegally copied and republished in violation of US and worldwide trademark & copyright law. Royal Bank Of Canada set a $115.00 price objective on Estee Lauder Companies, Inc.

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In other Estee Lauder Companies, Inc.

Estee Lauder Companies Inc also saw its operating income increase 36% during the quarter from $418 million to $568 million. The shares were sold at an average price of C$88.32, for a total transaction of C$1,766,400.00.

The stock's Average True Range (ATR) is sitting at 1.41. The stock of Estee Lauder Companies Inc (NYSE:EL) earned "Buy" rating by UBS on Tuesday, November 3. (The) stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $108.00, for a total value of $428,868.00. EVP - Global Supply Chain Gregory Polcer disclosed the sale of 2,730 shares.

Powered by a 4 percentage-point gain from two youth cosmetics brands it bought past year - Too Faced and BECCA - that also reflected an 18 percent rise in makeup sales for the world's second largest cosmetics firm.

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