Herbalife LTD. (HLF) Raised to “Strong-Buy” at ValuEngine
ValuEngine upgraded shares of Herbalife LTD. (NYSE:HLF) from a buy rating to a strong-buy rating in a report issued on Wednesday morning.
A number of other research firms have also commented on HLF. Zacks Investment Research raised Herbalife LTD. from a hold rating to a buy rating and set a $73.00 price objective on the stock in a research note on Thursday, August 3rd. Citigroup Inc. reissued a hold rating and issued a $73.00 price objective (up previously from $71.00) on shares of Herbalife LTD. in a research note on Tuesday, October 3rd. Tigress Financial reissued a buy rating on shares of Herbalife LTD. in a research note on Monday, August 21st. SunTrust Banks, Inc. set a $67.00 price objective on Herbalife LTD. and gave the stock a hold rating in a research note on Wednesday, August 2nd. Finally, Pivotal Research reissued a buy rating and issued a $120.00 price objective on shares of Herbalife LTD. in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Herbalife LTD. has an average rating of Hold and an average target price of $83.25.
Shares of Herbalife LTD. (NYSE HLF) opened at $67.98 on Wednesday. The company has a debt-to-equity ratio of 9.94, a current ratio of 2.65 and a quick ratio of 2.24. The firm has a market capitalization of $5,937.26, a price-to-earnings ratio of 14.90 and a beta of 1.32. Herbalife LTD. has a 1 year low of $47.62 and a 1 year high of $79.64.
Herbalife LTD. (NYSE:HLF) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Herbalife LTD. had a return on equity of 176.64% and a net margin of 8.60%. The business’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 earnings per share. equities research analysts anticipate that Herbalife LTD. will post 4.55 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System lifted its stake in shares of Herbalife LTD. by 1.5% during the third quarter. California Public Employees Retirement System now owns 285,253 shares of the company’s stock valued at $19,349,000 after acquiring an additional 4,253 shares during the period. Think Investments LP lifted its stake in shares of Herbalife LTD. by 44.6% during the third quarter. Think Investments LP now owns 633,583 shares of the company’s stock valued at $42,976,000 after acquiring an additional 195,483 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Herbalife LTD. by 334.8% during the third quarter. Janus Henderson Group PLC now owns 90,856 shares of the company’s stock valued at $6,163,000 after acquiring an additional 69,959 shares during the period. Cowen Inc. acquired a new position in shares of Herbalife LTD. during the third quarter valued at $8,025,000. Finally, University of Notre Dame DU Lac lifted its stake in shares of Herbalife LTD. by 29.9% during the third quarter. University of Notre Dame DU Lac now owns 76,216 shares of the company’s stock valued at $5,170,000 after acquiring an additional 17,562 shares during the period.
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Herbalife LTD. Company Profile
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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