Hain Celestial Group (HAIN) Stock Rating Lowered by ValuEngine
Hain Celestial Group (NASDAQ:HAIN) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday.
Other equities analysts have also issued reports about the stock. Jefferies Financial Group set a $40.00 price objective on shares of Hain Celestial Group and gave the company a “buy” rating in a research report on Wednesday, August 29th. Maxim Group restated a “buy” rating and issued a $40.00 price target on shares of Hain Celestial Group in a research note on Tuesday, August 28th. Deutsche Bank initiated coverage on shares of Hain Celestial Group in a research note on Tuesday, June 5th. They issued a “buy” rating and a $33.00 price target on the stock. Citigroup decreased their price target on shares of Hain Celestial Group from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, June 25th. Finally, BidaskClub upgraded shares of Hain Celestial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $33.53.
Shares of HAIN opened at $26.20 on Tuesday. The stock has a market capitalization of $2.88 billion, a PE ratio of 22.72, a P/E/G ratio of 3.00 and a beta of 1.10. Hain Celestial Group has a fifty-two week low of $25.41 and a fifty-two week high of $44.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.49.
Several hedge funds have recently added to or reduced their stakes in HAIN. State of New Jersey Common Pension Fund D grew its stake in shares of Hain Celestial Group by 28.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,700,000 shares of the company’s stock valued at $80,460,000 after acquiring an additional 600,000 shares in the last quarter. Summit Trail Advisors LLC grew its stake in Hain Celestial Group by 2,341.5% during the first quarter. Summit Trail Advisors LLC now owns 616,341 shares of the company’s stock worth $616,000 after buying an additional 591,097 shares in the last quarter. P Schoenfeld Asset Management LP acquired a new stake in Hain Celestial Group during the first quarter worth about $18,120,000. Bank of New York Mellon Corp grew its stake in Hain Celestial Group by 46.3% during the second quarter. Bank of New York Mellon Corp now owns 1,723,433 shares of the company’s stock worth $51,358,000 after buying an additional 545,113 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Hain Celestial Group by 4.0% during the first quarter. BlackRock Inc. now owns 8,688,297 shares of the company’s stock worth $278,636,000 after buying an additional 332,557 shares in the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.
Hain Celestial Group Company Profile
The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.
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