Hain Celestial Group PT Raised to $103.00 at Argus (HAIN)
Equities researchers at Argus raised their target price on shares of Hain Celestial Group (NASDAQ:HAIN) from $98.00 to $103.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. Argus’ price target suggests a potential upside of 13.03% from the company’s current price.
Hain Celestial Group (NASDAQ:HAIN) traded down 0.74% on Tuesday, hitting $90.46. 287,681 shares of the company’s stock traded hands. Hain Celestial Group has a 52 week low of $62.85 and a 52 week high of $98.83. The stock has a 50-day moving average of $88.5 and a 200-day moving average of $88.36. The company has a market cap of $4.533 billion and a P/E ratio of 34.61.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.02. The company had revenue of $557.40 million for the quarter, compared to the consensus estimate of $556.87 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts predict that Hain Celestial Group will post $3.15 earnings per share for the current fiscal year.
HAIN has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Hain Celestial Group in a research note on Wednesday, May 14th. They now have a $99.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Hain Celestial Group from $98.00 to $103.00 in a research note on Friday, May 9th. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Hain Celestial Group in a research note on Wednesday, April 30th. They now have a $98.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $96.45.
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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