Somewhat Favorable Media Coverage Somewhat Unlikely to Impact The Hain Celestial Group (HAIN) Stock Price
News stories about The Hain Celestial Group (NASDAQ:HAIN) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Hain Celestial Group earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.2563253447389 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- The Hain Celestial Group, Inc. (NASDAQ:HAIN) Short Interest Down 12.2% in July (americanbankingnews.com)
- The Hain Celestial Group, Inc. (NASDAQ:HAIN) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Hain Celestial Group Inc. (finance.yahoo.com)
- PGGM Investments Has $19821000 Stake in The Hain Celestial Group, Inc. (HAIN) (footballhebdo.com)
- The Hain Celestial Group, Inc. (HAIN) Stake Decreased by Creative Planning (campdesrecrues.com)
HAIN has been the subject of a number of recent research reports. Vetr raised shares of The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $38.90 price objective for the company in a research note on Tuesday, April 18th. Zacks Investment Research raised shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price objective on shares of The Hain Celestial Group in a research note on Friday, May 12th. Susquehanna Bancshares Inc set a $44.00 price objective on shares of The Hain Celestial Group and gave the stock a “buy” rating in a research note on Friday, May 19th. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of The Hain Celestial Group in a research note on Wednesday, May 17th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $41.44.
The Hain Celestial Group (NASDAQ HAIN) opened at 43.34 on Friday. The Hain Celestial Group has a 12-month low of $31.01 and a 12-month high of $55.62. The firm’s market cap is $4.49 billion. The company’s 50 day moving average is $40.70 and its 200 day moving average is $37.58.
The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, June 22nd. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $721 million. On average, equities analysts anticipate that The Hain Celestial Group will post $1.20 earnings per share for the current year.
The Hain Celestial Group declared that its Board of Directors has approved a stock buyback program on Thursday, June 22nd that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
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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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