Herbalife Nutrition Ltd (NYSE:HLF) Receives $41.95 Average Target Price from Analysts
Herbalife Nutrition Ltd (NYSE:HLF) has received a consensus rating of “Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $41.95.
Several brokerages recently commented on HLF. ValuEngine raised Herbalife Nutrition from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Pivotal Research reissued a “buy” rating and set a $65.00 price objective (down from $75.00) on shares of Herbalife Nutrition in a report on Friday, August 2nd. Pi Financial raised Herbalife Nutrition from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $8.75 to $12.75 in a report on Thursday, August 8th. Royal Bank of Canada reissued a “hold” rating and set a $10.00 price objective on shares of Herbalife Nutrition in a report on Thursday, August 8th. Finally, Citigroup cut their price objective on Herbalife Nutrition from $66.00 to $57.00 and set a “buy” rating for the company in a report on Friday, August 2nd.
Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its holdings in shares of Herbalife Nutrition by 452.0% during the first quarter. Quadrant Capital Group LLC now owns 541 shares of the company’s stock valued at $28,000 after acquiring an additional 443 shares during the period. Doyle Wealth Management acquired a new stake in shares of Herbalife Nutrition in the second quarter valued at $37,000. SG Americas Securities LLC increased its stake in shares of Herbalife Nutrition by 16.7% in the second quarter. SG Americas Securities LLC now owns 3,010 shares of the company’s stock valued at $129,000 after buying an additional 430 shares in the last quarter. World Asset Management Inc acquired a new stake in shares of Herbalife Nutrition in the first quarter valued at $204,000. Finally, First Republic Investment Management Inc. increased its stake in shares of Herbalife Nutrition by 8.3% in the first quarter. First Republic Investment Management Inc. now owns 4,851 shares of the company’s stock valued at $257,000 after buying an additional 373 shares in the last quarter. 95.06% of the stock is owned by institutional investors.
Herbalife Nutrition (NYSE:HLF) last issued its earnings results on Thursday, August 1st. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.05). The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.30 billion. Herbalife Nutrition had a negative return on equity of 58.68% and a net margin of 6.05%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.80 earnings per share. As a group, research analysts forecast that Herbalife Nutrition will post 2.61 earnings per share for the current year.
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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