Estee Lauder Companies Inc gets upgraded by Zacks investment Research

Researches at Zacks Investment Research have upgraded share of Estee Lauder Companies Inc in a research note to investors. Now they have a “neutral” rating and a $100.00 price target on the stock. Estee Lauder Companies Inc. is the known manufacturer and marketer of skin care, make up, and hair care products. Their products are sold in approximately 150 countries. It has the global licensee for fragrances and cosmetics sold under known brand names such as Tommy Hilfiger. Its products are sold in freestanding Company-owned stores, saloons and spas as well. In July 2010, the Company acquired Smashbox Beauty Cosmetics. Shares in Estee Lauder Companies Inc opened at 91.46. Estee Lauder Companies Inc has a 52- week low of $54.17 and a 52-week high of $95.55. The average of the stock’s 50-day moving is about $86.77 and its 200-day moving average is $72.56. Analysts predict that Estee Lauder will post $0.37 EPS next quarter. The company has a market cap of $18.057 billion and a price to earnings ratio of about 29.86.

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http://www.americanbankingnews.com/2011/02/25/estee-lauder-companies-inc-el-upgraded-by-zacks-investment-research-to-outperform-2/