The Hain Celestial Group Given Consensus Rating of “Buy” by Analysts (NASDAQ:HAIN)
Shares of The Hain Celestial Group (NASDAQ:HAIN) have earned an average recommendation of “Buy” from the thirteen brokerages that are covering the company, Analyst Ratings Network reports. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $97.50.
A number of analysts have recently weighed in on HAIN shares. Analysts at Citigroup Inc. raised their price target on shares of The Hain Celestial Group from $104.00 to $109.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Friday, May 23rd. They now have a $97.00 price target on the stock.
Shares of The Hain Celestial Group (NASDAQ:HAIN) traded up 0.68% during mid-day trading on Friday, hitting $93.78. 39,960 shares of the company’s stock traded hands. The Hain Celestial Group has a 1-year low of $62.87 and a 1-year high of $98.83. The stock’s 50-day moving average is $89.34 and its 200-day moving average is $89.01. The company has a market cap of $4.700 billion and a P/E ratio of 35.38.
The Hain Celestial Group (NASDAQ:HAIN) last released its earnings data on Thursday, May 8th. The company reported $0.88 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.72 earnings per share. The Hain Celestial Group’s revenue was up 22.2% compared to the same quarter last year. On average, analysts predict that The Hain Celestial Group will post $3.16 earnings per share for the current fiscal year.
The Hain Celestial Group, Inc, manufactures, markets, distributes and sells natural and organic products.
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