Herbalife Nutrition (NYSE:HLF) has been given a $65.00 target price by research analysts at Jefferies Financial Group in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 15.13% from the stock’s current price.

HLF has been the subject of a number of other reports. Tigress Financial reissued a “buy” rating on shares of Herbalife Nutrition in a research note on Friday, November 16th. Zacks Investment Research raised Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Monday, October 15th. Pivotal Research reissued a “buy” rating and set a $62.00 target price (down from $75.00) on shares of Herbalife Nutrition in a research note on Wednesday, October 31st. Royal Bank of Canada reissued a “hold” rating on shares of Herbalife Nutrition in a research note on Friday, November 9th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Herbalife Nutrition in a research note on Friday, November 9th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $59.42.

Shares of HLF stock opened at $56.46 on Tuesday. The company has a market cap of $8.81 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.13 and a beta of 0.72. Herbalife Nutrition has a 12-month low of $33.22 and a 12-month high of $60.41.

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

In related news, COO David Pezzullo sold 33,070 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $55.64, for a total value of $1,840,014.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.19% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Herbalife Nutrition by 1.0% in the 3rd 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 in the last quarter. Morgan Stanley increased its stake in Herbalife Nutrition by 6.1% in the 3rd 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 in the last quarter. Kepos Capital LP purchased a new position in Herbalife Nutrition in the 3rd quarter valued at approximately $5,591,000. TIAA CREF Investment Management LLC increased its stake in Herbalife Nutrition by 17.2% in the 3rd 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 in the last quarter. Finally, NINE MASTS CAPITAL Ltd purchased a new position in Herbalife Nutrition in the 3rd quarter valued at approximately $185,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

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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