The Hain Celestial Group Upgraded by Zacks to Outperform (HAIN)
The Hain Celestial Group (NASDAQ:HAIN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday. The firm currently has a $95.00 target price on the stock. Zacks‘s price target suggests a potential upside of 9.76% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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, June 3rd. 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. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $97.17.
Shares of The Hain Celestial Group (NASDAQ:HAIN) remained flat at $86.55 during trading on Wednesday. The stock had a trading volume of 146,646 shares. The Hain Celestial Group has a 52 week low of $63.61 and a 52 week high of $98.83. The stock has a 50-day moving average of $90.30 and a 200-day moving average of $89.62. The company has a market cap of $4.337 billion and a P/E ratio of 32.87.
The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results 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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