The shares of Herbalife Nutrition Ltd. (NYSE: HLF) received an average rating of “Buy” from the nine research firms that cover the company, Marketbeat.com reports. Two investment analysts rated the stock with a hold recommendation and four gave the company a buy recommendation. The average 12-month target price among brokers who released a report on the stock last year is $ 55.86.
Several brokerage firms have commented on HLF. B. Riley lowered its target price on Herbalife Nutrition stock from $ 70.00 to $ 61.00 and gave the stock a “buy” rating in a report dated Wednesday, September 15. They discovered that the move was a call for evaluation. TheStreet downgraded Herbalife Nutrition shares from a “b-” rating to a “c +” rating in a report dated Thursday, September 30th. The Royal Bank of Canada raised its target price on Herbalife Nutrition shares from $ 15.00 to $ 16.00 and rated the stock as “sector performance” in a report dated Thursday, November 18. Citigroup cut its price target on Herbalife Nutrition stock from $ 57.00 to $ 52.00 and gave the stock a “buy” rating in a report dated Thursday, September 16. Finally, Jefferies Financial Group opened a report on Wednesday, September 15th, reporting on the shares of Herbalife Nutrition. They posted a “Buy” rating and a target price of $ 65.00 on the stock.
Herbalife Nutrition stock opened at $ 38.12 on Thursday. The 50 day simple moving average is $ 42.27 and the 200 day simple moving average is $ 47.72. Herbalife Nutrition has a 52-week low of $ 36.63 and a 52-week high of $ 59.00. The company has a market capitalization of $ 4.27 billion, a price / earnings ratio of 8.82, and a beta of 1.08.
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Herbalife Nutrition (NYSE: HLF) last released its quarterly earnings data on Tuesday, November 2nd. The company reported earnings per share of $ 1.21 for the quarter, beating the consensus estimate of $ 1.05 by $ 0.16. Herbalife Nutrition had a net margin of 8.19% and a negative return on equity of 44.90%. The company had revenue of $ 1.43 billion for the quarter, compared to analyst estimates of $ 1.45 billion. In the same quarter last year, the company earned $ 1.15 EPS. As a group, research analysts expect Herbalife Nutrition to post 4.72 EPS for the current fiscal year.
In other news, CEO John O. Agwunobi bought 5,000 shares in the company in a transaction that occurred on Friday, September 17. The stock was acquired at an average cost of $ 44.90 per share for a total value of $ 224,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.49% of the shares are owned by company insiders.
Several major investors recently increased or reduced their stake in HLF. Koshinski Asset Management Inc. bought a new position in Herbalife Nutrition for $ 35,000 in the third quarter. Arlington Partners LLC bought a new position in Herbalife Nutrition for $ 41,000 in the third quarter. Eagle Bay Advisors LLC bought a new position in Herbalife Nutrition for $ 56,000 in the second quarter. Islay Capital Management LLC bought a new position in Herbalife Nutrition for $ 97,000 in the third quarter. Finally, AGF Investments LLC bought a new position in Herbalife Nutrition for $ 172,000 in the second quarter. 90.52% of the shares are owned by institutional investors and hedge funds.
Herbalife Nutrition company profile
Herbalife Nutrition Ltd. is a holding company engaged in the development and distribution of nutritional solutions. It operates in 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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