The Hain Celestial Group Given Average Recommendation of “Buy” by Brokerages (NASDAQ:HAIN)
Shares of The Hain Celestial Group (NASDAQ:HAIN) have been given a consensus recommendation of “Buy” by the thirteen ratings firms that are currently covering the company, American Banking and Market News reports. Four analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $97.83.
Shares of The Hain Celestial Group (NASDAQ:HAIN) opened at 88.414 on Wednesday. The Hain Celestial Group has a 52-week low of $72.18 and a 52-week high of $98.83. The stock’s 50-day moving average is $89.6 and its 200-day moving average is $90.07. The company has a market cap of $4.431 billion and a P/E ratio of 33.33.
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. Analysts expect that The Hain Celestial Group will post $3.16 EPS for the current fiscal year.
A number of research firms have recently commented on HAIN. Analysts at JPMorgan Chase & Co. cut their price target on shares of The Hain Celestial Group from $103.00 to $101.00 in a research note on Tuesday. Separately, analysts at Piper Jaffray raised their price target on shares of The Hain Celestial Group from $102.00 to $104.00 in a research note on Wednesday, July 2nd. Finally, 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.
The Hain Celestial Group, Inc, manufactures, markets, distributes and sells natural and organic products.
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