|Bid||97.00 x 100|
|Ask||105.50 x 200|
|Day's Range||104.89 - 107.91|
|52 Week Range||75.30 - 107.91|
|PE Ratio (TTM)||35.26|
|Dividend & Yield||1.36 (1.28%)|
|1y Target Est||N/A|
Coty can't keep pace with pack-leader Estee Lauder.
Shares of Estee Lauder (EL) traded up as much as 1.3% this morning after getting upgraded. It wasn't Argus analyst John Staszak's upgrade of Estee Lauder to Buy from Hold this morning: The company continues to benefit from strong demand for high-end beauty products, and about one-third of its brands are posting double-digit revenue growth. Staszak's timing, however, leaves something to be desired, as Estee Lauder has gained 39% so far this year, and 7.2% in August alone following its earnings beat.
The firm assigned shares of Estee Lauder a $125 price target based on the company's ability to benefit from robust demand for its high-end beauty products.