Hain Celestial Group PT Raised to $99.00 (HAIN)
Equities researchers at Jefferies Group upped their price objective on shares of Hain Celestial Group (NASDAQ:HAIN) from $96.00 to $99.00 in a research report issued on Tuesday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 2.18% from the stock’s previous close.
A number of other firms have also recently commented on HAIN. Analysts at Zacks upgraded shares of Hain Celestial Group from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 2nd. They now have a $100.00 price target on the stock. Separately, 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. 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. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $90.46.
Shares of Hain Celestial Group (NASDAQ:HAIN) traded up 5.88% on Tuesday, hitting $96.89. The stock had a trading volume of 971,505 shares. Hain Celestial Group has a 52 week low of $52.20 and a 52 week high of $93.78. The stock has a 50-day moving average of $85.91 and a 200-day moving average of $79.62. The company has a market cap of $4.630 billion and a price-to-earnings ratio of 34.85.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. On average, analysts predict that Hain Celestial Group will post $3.05 earnings per share for the current fiscal year.
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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