The Hain Celestial Group (HAIN) Getting Somewhat Positive Press Coverage, Report Shows
News articles about The Hain Celestial Group (NASDAQ:HAIN) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Hain Celestial Group earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.0471540166439 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several research analysts have commented on HAIN shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of The Hain Celestial Group in a research report on Friday, June 30th. Vetr lowered The Hain Celestial Group from a “strong-buy” rating to a “buy” rating and set a $37.69 price target on the stock. in a research report on Tuesday, June 27th. Susquehanna Bancshares Inc set a $42.00 price target on The Hain Celestial Group and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Citigroup Inc. reaffirmed a “buy” rating and set a $46.00 price target (down previously from $62.00) on shares of The Hain Celestial Group in a research report on Monday, July 10th. Finally, Maxim Group raised The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $41.78.
Shares of The Hain Celestial Group (NASDAQ HAIN) opened at 41.81 on Friday. The Hain Celestial Group has a 1-year low of $31.01 and a 1-year high of $45.61. The stock has a market capitalization of $4.34 billion, a P/E ratio of 64.32 and a beta of 1.28. The company has a 50 day moving average price of $40.74 and a 200-day moving average price of $38.90.
The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Tuesday, August 29th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The Hain Celestial Group had a return on equity of 7.65% and a net margin of 2.36%. The firm had revenue of $725.10 million for the quarter, compared to analysts’ expectations of $720.70 million. During the same period last year, the firm earned $0.43 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts forecast that The Hain Celestial Group will post $1.66 EPS for the current fiscal year.
The Hain Celestial Group announced that its board has approved a stock repurchase plan on Thursday, June 22nd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The Hain Celestial Group Company Profile
The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.
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