Shares of Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) have been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $49.60.
Several equities research analysts recently weighed in on HLF shares. Zacks Investment Research raised shares of Herbalife Nutrition from a “sell” rating to a “hold” rating in a report on Wednesday, February 23rd. B. Riley reduced their price objective on shares of Herbalife Nutrition from $58.00 to $50.00 in a report on Thursday, February 24th. Finally, StockNews.com raised shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a report on Sunday, April 10th.
Shares of HLF opened at $29.72 on Wednesday. Herbalife Nutrition has a 1 year low of $28.73 and a 1 year high of $55.78. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 7.25 and a beta of 1.05. The firm has a fifty day moving average of $35.08 and a 200-day moving average of $39.64.
Herbalife Nutrition (NYSE:HLF – Get Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.36 billion. Herbalife Nutrition had a net margin of 7.71% and a negative return on equity of 38.29%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.71 EPS. On average, equities analysts expect that Herbalife Nutrition will post 4.21 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of HLF. Gables Capital Management Inc. acquired a new stake in Herbalife Nutrition during the 4th quarter worth about $33,000. Johnson Financial Group Inc. acquired a new stake in Herbalife Nutrition during the 4th quarter worth about $109,000. Islay Capital Management LLC raised its holdings in Herbalife Nutrition by 18.3% during the 4th quarter. Islay Capital Management LLC now owns 2,712 shares of the company’s stock worth $111,000 after buying an additional 419 shares during the period. Gladius Capital Management LP acquired a new stake in Herbalife Nutrition during the 4th quarter worth about $180,000. Finally, Wedge Capital Management L L P NC acquired a new stake in Herbalife Nutrition during the 4th quarter worth about $201,000.
About Herbalife Nutrition (Get Rating)
Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America, Mexico, South and Central America, Europe, Middle East, and Africa, Asia pacific, and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.
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