Herbalife Upgraded to “Outperform” at Zacks (HLF)
Herbalife (NYSE:HLF) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Tuesday, Analyst Ratings.Net reports. The firm currently has a $74.30 price objective on the stock. Zacks‘ target price suggests a potential upside of 2.00% from the company’s current price.
HLF has been the subject of a number of other recent research reports. Analysts at Barclays Capital initiated coverage on shares of Herbalife (NYSE:HLF) in a research note to investors on Tuesday, September 24th. They set an “overweight” rating on the stock. Separately, 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. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Herbalife currently has a consensus rating of “Buy” and a consensus price target of $72.43.
Herbalife (NYSE:HLF) traded up 4.40% on Tuesday, hitting $72.84. 3,134,962 shares of the company’s stock traded hands. Herbalife has a 1-year low of $24.24 and a 1-year high of $74.22. The stock has a 50-day moving average of $66.35 and a 200-day moving average of $51.15. The company has a market cap of $7.507 billion and a P/E ratio of 15.42.
Herbalife (NYSE:HLF) last issued its quarterly earnings data on Monday, July 29th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. 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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