Somewhat Positive Press Coverage Somewhat Unlikely to Affect The Hain Celestial Group (NASDAQ:HAIN) Share Price
Media headlines about The Hain Celestial Group (NASDAQ:HAIN) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The Hain Celestial Group earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.2440960255333 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Initiating Research Reports on Food Wholesale Equities — Hain Celestial, United Natural Foods, Sysco, and US Foods (bizjournals.com)
- Internationa Flavors & Fragrances (IFF) & The Hain Celestial Group (NASDAQ:HAIN) Head to Head Review (americanbankingnews.com)
- The Hain Celestial Group Sees Unusually High Options Volume (NASDAQ:HAIN) (americanbankingnews.com)
- The Hain Celestial Group’s (HAIN) “Buy” Rating Reaffirmed at Citigroup Inc – Newburgh Gazette (newburghgazette.com)
- Can Hain Celestial Group Inc. (NASDAQ: HAIN) hit a new peak? – Argus Journal (argusjournal.com)
Several equities analysts have weighed in on HAIN shares. Vetr raised The Hain Celestial Group from a “sell” rating to a “hold” rating and set a $36.42 price objective for the company in a report on Monday, April 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of The Hain Celestial Group in a report on Friday, May 12th. Susquehanna Bancshares Inc set a $45.00 price objective on The Hain Celestial Group and gave the company a “buy” rating in a report on Saturday, May 13th. Zacks Investment Research raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of The Hain Celestial Group in a report on Wednesday, May 17th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $41.21.
Shares of The Hain Celestial Group (HAIN) opened at 43.80 on Wednesday. The Hain Celestial Group has a 12 month low of $31.01 and a 12 month high of $56.99. The company’s market cap is $4.54 billion. The company’s 50-day moving average price is $37.03 and its 200-day moving average price is $37.15.
The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Thursday, June 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.19. The Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%. The business had revenue of $706.56 million during the quarter, compared to analysts’ expectations of $721 million. Analysts anticipate that The Hain Celestial Group will post $1.20 EPS for the current year.
The Hain Celestial Group announced that its board has authorized a share buyback plan on Thursday, June 22nd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is 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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