The Estée Lauder Companies, Inc. is a company that produces and sells skin care, makeup, fragrance, and hair care products. The founders of the company were Estee Lauder and Joseph Lauder, who started the business in 1946. The company’s headquarters are located in New York City.
The EL stock’s dividend yield for the TTM is 1.86% and its last dividend payment was 0.66 per share. The last ex-dividend date was August 30th, 2023 and its payout ratio is 92.60%.
The EL stock has a float of 230.709 Million shares and a market cap of $50.735 Billion. The Estee Lauder Companies Inc. stock’s average volume for the last 10 days is 2.041 Million and its current volume is 1.8 Million. The EL stock has a CMP of $141.95 and an intraday gain of 1.34%.
At the time of publishing, the major EMA’s in Estee Lauder Companies Inc. (NYSE: EL) is bearish and MACD shows a bearish cross on the charts. RSI is at 31.55 taking resistance from 14 SMA.
However, the stock ratings for EL stock are positive and highly recommended based on 31 analysts who have evaluated it in the last three months. The 1-year price forecasts for Estee Lauder stock by 27 analysts range from $146 to $225, with a high potential for growth.
Estee Lauder Companies Inc.’s latest quarterly balance sheet for the period ending June 2023, reported total assets of $24.55 Billion and total liabilities of $18.13 Billion. The debt-to-assets ratio is at 73.86%, which is a negative sign and might be a concern for EL stock.
The latest quarterly earnings report for the period ending June 2023, displayed a revenue of $3.61 Billion, with a net income of -$33.00 Million, and a profit margin of -00.91%. This quarter, the reported revenue knocked out analysts estimate by $141.095 Million (4.05%). The next quarter’s revenue is estimated to be 3.533 Billion.
EL Stock Price Technical Analysis in 1-D Timeframe
The stock may continue to fall further if it breaks below the current levels and breaks below $137, which could lead to a target of $130. On the other hand, if Estee Lauder stock manages to reverse the trend and gain strong buying momentum It could rise above $145, triggering a rally above $150 or higher.
Summary
Estee Lauder Companies Inc. (NYSE: EL) indicates that the traders and investors of the stock price are bearish on the 1-D time frame. The price action shows a bearish outlook at the time of publishing. The technical analysis tools of US Foods stock price also support bearishness. The EMA, RSI, and MACD highlight downward signals and indicate that a downtrend may continue in US Foods stock price.
Technical Levels
Support levels: $137 and $130
Resistance levels: $145 and $150
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/09/29/el-stock-forecast-will-it-nyse-el-slip-more-or-ascend-soon/