Jefferies Group Reiterates “Buy” Rating for Hain Celestial Group (HAIN)
Hain Celestial Group (NASDAQ:HAIN)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group in a research note issued to investors on Wednesday, AnalystRatings.Net reports. They currently have a $91.00 price target on the stock. Jefferies Group’s target price suggests a potential upside of 20.80% from the company’s current price.
Shares of Hain Celestial Group (NASDAQ:HAIN) opened at 75.33 on Wednesday. Hain Celestial Group has a 1-year low of $51.51 and a 1-year high of $85.48. The stock has a 50-day moving average of $78.80 and a 200-day moving average of $69.98. The company has a market cap of $3.593 billion and a P/E ratio of 31.23.
Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.03. The company had revenue of $463.50 million for the quarter, compared to the consensus estimate of $454.82 million. During the same quarter last year, the company posted $0.47 earnings per share. Hain Celestial Group’s revenue was up 32.1% compared to the same quarter last year. Analysts expect that Hain Celestial Group will post $3.02 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Piper Jaffray Cos. upgraded shares of Hain Celestial Group from a “neutral” rating to an “overweight” rating in a research note to investors on Monday. They now have a $94.00 price target on the stock, up previously from $80.00. Separately, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Hain Celestial Group in a research note to investors on Tuesday, September 17th. They now have a $75.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Hain Celestial Group from $86.00 to $94.00 in a research note to investors on Tuesday, September 17th. They now have an “overweight” rating on the stock. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $84.25.
The Hain Celestial Group, Inc manufactures, markets, distributes and sells natural and organic products under brand names, which are sold as better-for-you products.
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