Shares of Herbalife Nutrition Ltd (NYSE:HLF) have been assigned an average recommendation of “Buy” from the eleven brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $59.42.

Several research firms have recently commented on HLF. Jefferies Financial Group set a $65.00 target price on shares of Herbalife Nutrition and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research restated a “strong-buy” rating and issued a $63.00 target price on shares of Herbalife Nutrition in a research note on Tuesday, November 13th. Pivotal Research restated a “buy” rating and issued a $75.00 target price on shares of Herbalife Nutrition in a research note on Thursday, October 25th. BMO Capital Markets restated a “hold” rating on shares of Herbalife Nutrition in a research note on Friday, November 9th. Finally, ValuEngine upgraded shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th.

In other news, COO David Pezzullo sold 33,070 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $55.64, for a total value of $1,840,014.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.19% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Herbalife Nutrition by 1.0% in the third quarter. Vanguard Group Inc. now owns 10,058,515 shares of the company’s stock valued at $548,692,000 after purchasing an additional 103,973 shares during the period. Morgan Stanley lifted its stake in shares of Herbalife Nutrition by 6.1% in the third quarter. Morgan Stanley now owns 1,716,881 shares of the company’s stock valued at $93,655,000 after purchasing an additional 98,129 shares during the period. Kepos Capital LP acquired a new stake in shares of Herbalife Nutrition in the third quarter valued at about $5,591,000. TIAA CREF Investment Management LLC lifted its stake in shares of Herbalife Nutrition by 17.2% in the third quarter. TIAA CREF Investment Management LLC now owns 902,632 shares of the company’s stock valued at $49,239,000 after purchasing an additional 132,525 shares during the period. Finally, NINE MASTS CAPITAL Ltd acquired a new stake in shares of Herbalife Nutrition in the third quarter valued at about $185,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Herbalife Nutrition stock traded down $0.52 during midday trading on Monday, hitting $55.94. 471,550 shares of the company’s stock were exchanged, compared to its average volume of 971,713. Herbalife Nutrition has a 12-month low of $33.22 and a 12-month high of $60.41. The company has a market capitalization of $8.81 billion, a P/E ratio of 23.02, a PEG ratio of 1.13 and a beta of 0.72.

Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.07. Herbalife Nutrition had a net margin of 3.84% and a negative return on equity of 82.17%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $0.41 EPS. Herbalife Nutrition’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Herbalife Nutrition will post 2.85 earnings per share for the current year.

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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Analyst Recommendations for Herbalife Nutrition (NYSE:HLF)

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