Herbalife Nutrition Ltd (NYSE:HLF) has earned an average recommendation of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $41.95.
A number of research analysts have weighed in on HLF shares. Royal Bank of Canada reiterated a “hold” rating and issued a $10.00 price objective on shares of Herbalife Nutrition in a research report on Thursday, August 8th. Pivotal Research reissued a “buy” rating and set a $65.00 target price (down previously from $75.00) on shares of Herbalife Nutrition in a research note on Friday, August 2nd. Pi Financial raised shares of Herbalife Nutrition from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $8.75 to $12.75 in a research note on Thursday, August 8th. Citigroup cut their target price on shares of Herbalife Nutrition from $66.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, ValuEngine raised shares of Herbalife Nutrition from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.
NYSE HLF traded down $0.08 on Friday, reaching $36.95. 203,059 shares of the company’s stock traded hands, compared to its average volume of 2,285,616. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 12.83 and a beta of 0.43. The business has a 50 day moving average of $40.91. Herbalife Nutrition has a fifty-two week low of $36.62 and a fifty-two week high of $61.77.
Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.30 billion. Herbalife Nutrition had a negative return on equity of 58.68% and a net margin of 6.05%. The company’s revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.80 EPS. As a group, equities analysts forecast that Herbalife Nutrition will post 2.61 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC grew its stake in shares of Herbalife Nutrition by 452.0% in the 1st quarter. Quadrant Capital Group LLC now owns 541 shares of the company’s stock valued at $28,000 after buying an additional 443 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Herbalife Nutrition by 100.6% in the 1st quarter. SG Americas Securities LLC now owns 2,580 shares of the company’s stock worth $137,000 after acquiring an additional 457,013 shares during the last quarter. World Asset Management Inc acquired a new position in shares of Herbalife Nutrition in the 1st quarter worth approximately $204,000. First Republic Investment Management Inc. lifted its holdings in shares of Herbalife Nutrition by 8.3% in the 1st quarter. First Republic Investment Management Inc. now owns 4,851 shares of the company’s stock worth $257,000 after acquiring an additional 373 shares during the last quarter. Finally, Raymond James & Associates acquired a new stake in Herbalife Nutrition during the 4th quarter worth approximately $372,000. 95.06% of the stock is owned by institutional investors and hedge funds.
About Herbalife Nutrition
Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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