Hain Celestial Group Upgraded by Zacks to Outperform (HAIN)
Hain Celestial Group (NASDAQ:HAIN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Thursday, Analyst Ratings Net reports. The firm currently has a $100.00 price objective on the stock. Zacks‘ price objective indicates a potential upside of 10.16% from the company’s current price.
Hain Celestial Group (NASDAQ:HAIN) traded down 1.73% during mid-day trading on Thursday, hitting $89.205. 269,846 shares of the company’s stock traded hands. Hain Celestial Group has a 52 week low of $52.12 and a 52 week high of $91.41. The stock has a 50-day moving average of $84.33 and a 200-day moving average of $78.0. The company has a market cap of $4.263 billion and a price-to-earnings ratio of 34.57.
Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.02. The company had revenue of $477.50 million for the quarter, compared to the consensus estimate of $474.73 million. During the same quarter last year, the company posted $0.40 earnings per share. Hain Celestial Group’s revenue was up 32.7% compared to the same quarter last year.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital initiated coverage on shares of Hain Celestial Group in a research note to investors on Monday, November 25th. They set an “outperform” rating and a $94.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Hain Celestial Group in a research note to investors on Thursday, November 21st. They now have a $80.00 price target on the stock. Finally, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Hain Celestial Group in a research note to investors on Thursday, November 21st. They now have a $75.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $88.23.
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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