Herbalife Price Target Raised to $81.00 at Wedbush (HLF)
Analysts at Wedbush lifted their price objective on shares of Herbalife (NYSE:HLF) from $76.00 to $81.00 in a research report issued to clients and investors on Wednesday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price target suggests a potential upside of 28.29% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Herbalife from $73.00 to $78.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Herbalife from $69.00 to $71.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of Herbalife in a research note to investors on Tuesday. They now have a $92.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $73.23.
Herbalife (NYSE:HLF) traded down 2.59% on Wednesday, hitting $63.14. The stock had a trading volume of 2,403,981 shares. Herbalife has a 52 week low of $24.24 and a 52 week high of $74.94. The stock has a 50-day moving average of $67.6 and a 200-day moving average of $55.70. The company has a market cap of $6.394 billion and a P/E ratio of 13.37.
Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, October 30th. The company reported $1.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.14 by $0.27. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company posted $1.04 earnings per share. Herbalife’s revenue was up 19.3% compared to the same quarter last year. Analysts expect that Herbalife will post $5.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.90%.
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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