Herbalife Ltd (NYSE:HLF) Receives Average Rating of “Hold” from Analysts

Herbalife Ltd (NYSE:HLF) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $17.00.

HLF has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Herbalife from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Citigroup restated a “buy” rating and issued a $17.00 price objective (down from $21.00) on shares of Herbalife in a report on Friday, August 7th. Mizuho set a $17.00 price objective on shares of Herbalife in a research report on Monday, May 4th. Finally, Weiss Ratings downgraded shares of Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th.

Herbalife Trading Down 0.1%

NYSE:HLF opened at $12.38 on Friday. The company has a market cap of $1.30 billion, a P/E ratio of 7.98, a P/E/G ratio of 0.40 and a beta of 0.87. Herbalife has a twelve month low of $7.56 and a twelve month high of $20.40. The company’s 50-day moving average price is $12.42 and its 200-day moving average price is $14.04.

Herbalife (NYSE:HLF) last issued its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). Herbalife had a negative return on equity of 43.90% and a net margin of 3.16%.The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business earned $0.59 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, analysts expect that Herbalife will post 2.68 earnings per share for the current year.

Institutional Trading of Herbalife

Several hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Herbalife during the 4th quarter worth about $32,000. KBC Group NV acquired a new stake in Herbalife in the 1st quarter valued at about $44,000. Advisory Services Network LLC purchased a new position in shares of Herbalife in the 3rd quarter valued at about $65,000. Quarry LP grew its position in shares of Herbalife by 49,105.3% during the third quarter. Quarry LP now owns 9,349 shares of the company’s stock worth $79,000 after buying an additional 9,330 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Herbalife by 512.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the company’s stock worth $84,000 after buying an additional 5,476 shares during the period.

About Herbalife

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.