Herbalife Target of Unusually High Options Trading (HLF)
Herbalife (NYSE:HLF) saw some unusual options trading on Monday. Stock investors purchased 16,400 put options on the stock, StockRatingsNetwork.com reports. This represents an increase of approximately 105% compared to the typical daily volume of 7,986 put options.
Several analysts have recently commented on the stock. Analysts at Argus upgraded shares of Herbalife (NYSE:HLF) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 21st. They now have a $80.00 price target on the stock, up previously from $4.80. Separately, analysts at Barclays Capital raised their price target on shares of Herbalife (NYSE:HLF) from $60.00 to $73.00 in a research note to investors on Thursday, August 1st. They now have an “overweight” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of Herbalife (NYSE:HLF) to $72.00 in a research note to investors on Tuesday, July 30th. They now have a “buy” rating on the stock.
Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Herbalife presently has a consensus rating of “Buy” and an average price target of $71.32.
Shares of Herbalife (NYSE:HLF) traded up 1.86% on Monday, hitting $70.64. 5,658,209 shares of the company’s stock traded hands. Herbalife has a 1-year low of $24.24 and a 1-year high of $69.71. The stock’s 50-day moving average is $64.26 and its 200-day moving average is $48.57. The company has a market cap of $7.281 billion and a P/E ratio of 15.32.
Herbalife (NYSE:HLF) last announced its earnings results on Monday, July 29th. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.23. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company posted $1.10 earnings per share. Herbalife’s revenue was up 18.2% compared to the same quarter last year. Analysts expect that Herbalife will post $4.99 EPS for the current fiscal year.
Herbalife Ltd. is a global network marketing company that sells weight management, nutritional supplements, energy, sports and fitness products and personal care products through a network of approximately 2.
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