Herbalife Ltd. Sets New 1-Year High at $74.94 (HLF)
Shares of Herbalife (NYSE:HLF) hit a new 52-week high during mid-day trading on Wednesday, American Banking and Market News reports. The stock traded as high as $74.94 and last traded at $73.16, with a volume of 2,219,745 shares trading hands. The stock had previously closed at $72.84.
HLF has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Herbalife (NYSE:HLF) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $74.30 price target on the stock. Separately, 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. Finally, 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 equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $72.43.
Herbalife has a 52-week low of $24.24 and a 52-week high of $74.22. The stock’s 50-day moving average is $66.54 and its 200-day moving average is $51.40. The company has a market cap of $7.527 billion and a P/E ratio of 16.09.
Herbalife (NYSE:HLF) last posted its quarterly earnings results 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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