In a report released today, Dara Mohsenian from Morgan Stanley maintained a Buy rating on e.l.f. Beauty (ELF – Research Report), with a price target of $42.00. The company’s shares closed last Thursday at $36.08.
According to TipRanks.com, Mohsenian is a 4-star analyst with an average return of 5.9% and a 65.6% success rate. Mohsenian covers the Consumer Goods sector, focusing on stocks such as Edgewell Personal Care, Constellation Brands, and Colgate-Palmolive.
Currently, the analyst consensus on e.l.f. Beauty is a Strong Buy with an average price target of $38.00, representing a 4.3% upside. In a report issued on July 21, J.P. Morgan also maintained a Buy rating on the stock with a $35.00 price target.
e.l.f. Beauty’s market cap is currently $1.78B and has a P/E ratio of 83.40.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ELF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
e.l.f. Beauty, Inc. is a holding company, which engages in the provision of cosmetic and skin-care product. It operates through the U.S and International geographical segments. The company focuses on the e-commerce, national retailers, and international business channels. Its product portfolio includes eyes, lips, face, kits, tools, and skin care categories. The company was founded in 2004 and is headquartered in Oakland, CA.
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