Wells Fargo Remains a Buy on The Estée Lauder Companies (EL)

In a report issued on January 5, Christopher Carey from Wells Fargo maintained a Buy rating on The Estée Lauder Companies (ELResearch Report), with a price target of $410.00. The company’s shares closed last Wednesday at $345.55.

According to TipRanks.com, Carey is a 4-star analyst with an average return of 7.7% and a 54.1% success rate. Carey covers the Consumer Goods sector, focusing on stocks such as Spectrum Brands Holdings, Edgewell Personal Care, and Constellation Brands.

The Estée Lauder Companies has an analyst consensus of Moderate Buy, with a price target consensus of $382.36, which is an 11.2% upside from current levels. In a report issued on January 4, Oppenheimer also maintained a Buy rating on the stock with a $410.00 price target.

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The company has a one-year high of $369.24 and a one-year low of $231.97. Currently, The Estée Lauder Companies has an average volume of 1.19M.

Based on the recent corporate insider activity of 107 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 EL in relation to earlier this year. Most recently, in December 2021, William Lauder, the EC of EL sold 58,720 shares for a total of $19,329,431.

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Founded in 1946, New York-based Estée Lauder Companies, Inc. manufactures and sells skin care, makeup, fragrance and hair care products. It offers its products through department stores, specialty multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas, under the Estée Lauder, Clinique, Origins, MžAžC, Bobbi Brown, La Mer, Jo Malone London, Aveda, and Too Faced brands.

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