Herbalife LTD. (HLF) Receives Consensus Rating of “Buy” from Analysts
Herbalife LTD. (NYSE:HLF) has received an average recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $83.00.
Several equities analysts have recently commented on the stock. SunTrust Banks, Inc. set a $67.00 price target on shares of Herbalife LTD. and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of Herbalife LTD. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Tigress Financial restated a “buy” rating on shares of Herbalife LTD. in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Herbalife LTD. from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Thursday, August 3rd. Finally, ValuEngine upgraded shares of Herbalife LTD. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
Institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in shares of Herbalife LTD. during the second quarter worth about $106,000. MAVEN SECURITIES Ltd bought a new position in shares of Herbalife LTD. during the first quarter worth about $146,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Herbalife LTD. by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the company’s stock worth $180,000 after buying an additional 268 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Herbalife LTD. by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock worth $201,000 after buying an additional 189 shares in the last quarter. Finally, Allen Investment Management LLC bought a new position in shares of Herbalife LTD. during the second quarter worth about $213,000.
Herbalife LTD. (NYSE HLF) traded up 0.03% during mid-day trading on Tuesday, hitting $62.44. 333,010 shares of the stock traded hands. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 13.13 and a beta of 1.20. The stock has a 50-day moving average of $69.57 and a 200 day moving average of $64.39. Herbalife LTD. has a 1-year low of $47.62 and a 1-year high of $74.49.
Herbalife LTD. (NYSE:HLF) last released its earnings results on Tuesday, August 1st. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.41. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Herbalife LTD. had a net margin of 9.28% and a return on equity of 216.82%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 earnings per share. On average, equities analysts expect that Herbalife LTD. will post $4.71 EPS for the current year.
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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