The Hain Celestial Group Given New $104.00 Price Target at Piper Jaffray (HAIN)
Piper Jaffray upped their target price on shares of The Hain Celestial Group (NASDAQ:HAIN) to $104.00 in a research note issued on Wednesday. Piper Jaffray’s price target would suggest a potential upside of 14.96% from the stock’s previous close.
Shares of The Hain Celestial Group (NASDAQ:HAIN) opened at 90.47 on Wednesday. The Hain Celestial Group has a 1-year low of $65.20 and a 1-year high of $98.83. The stock’s 50-day moving average is $90.10 and its 200-day moving average is $89.87. The company has a market cap of $4.534 billion and a price-to-earnings ratio of 33.70.
The 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 The Hain Celestial Group will post $3.16 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on HAIN. Analysts at Zacks upgraded shares of The Hain Celestial Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 25th. They now have a $95.00 price target on the stock. Separately, 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 Citigroup Inc. downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Friday, May 23rd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $98.00.
The Hain Celestial Group, Inc, manufactures, markets, distributes and sells natural and organic products.
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