FY2017 EPS Estimates for L'Oreal SA (OTCMKTS:LRLCY) Lifted by Jefferies Group

L'Oreal SA (OTCMKTS:LRLCY) – Stock analysts at Jefferies Group boosted their FY2017 earnings estimates for L'Oreal in a research note issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst M. Deboo now expects that the company will post earnings per share of $1.60 for the year, up from their previous estimate of $1.54. Jefferies Group also issued estimates for L'Oreal’s FY2018 earnings at $1.69 EPS, FY2019 earnings at $1.78 EPS and FY2020 earnings at $1.87 EPS.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded L'Oreal from a “buy” rating to a “hold” rating in a research report on Saturday, September 23rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of L'Oreal in a research note on Monday, December 18th. Finally, Goldman Sachs Group upgraded L'Oreal from a “neutral” rating to a “buy” rating in a research note on Monday, December 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $50.00.

Shares of L'Oreal (LRLCY) opened at $44.95 on Friday. L'Oreal has a 12-month low of $36.03 and a 12-month high of $46.78.

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About L'Oreal

L’Oreal SA is a France-based holding company. The Company, through its subsidiaries, develops the business activities of the L’Oreal Group (Group) in the country or region in which they are located. The Company’s non-core activities include insurance, reinsurance and banking. The Company’s Cosmetics Division is organized into four divisions: Professional Products, Consumer Products, L’Oreal Luxe and Active Cosmetics.

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