Herbalife Ltd. (NYSE:HLF) shares dropped 3.6% during trading on Tuesday . The stock traded as low as $60.62 and last traded at $61.05, with a volume of 1,572,361 shares. The stock had previously closed at $63.30.

Several analysts recently issued reports on HLF shares. TheStreet raised Herbalife to a “buy” rating in a research note on Thursday, May 26th. Zacks Investment Research cut Herbalife from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 18th. Pivotal Research reissued a “buy” rating and issued a $90.00 target price on shares of Herbalife in a research note on Sunday, July 17th. Finally, SunTrust Banks Inc. reissued a “neutral” rating and issued a $66.00 target price on shares of Herbalife in a research note on Friday, August 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $68.72.

The stock has a market cap of $5.65 billion and a price-to-earnings ratio of 20.83. The firm’s 50 day moving average is $64.73 and its 200-day moving average is $59.97.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.21 by $0.08. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities analysts anticipate that Herbalife Ltd. will post $4.83 earnings per share for the current year.

In other Herbalife news, major shareholder Carl C. Icahn bought 2,304,683 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were purchased at an average cost of $59.31 per share, for a total transaction of $136,690,748.73. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Shin-Shing Bosco Chiu sold 2,000 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $68.00, for a total transaction of $136,000.00. The disclosure for this sale can be found here.

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. The Company’s segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China.

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