The Hain Celestial Group Given Consensus Rating of “Buy” by Analysts (NASDAQ:HAIN)
The Hain Celestial Group (NASDAQ:HAIN) has received a consensus recommendation of “Buy” from the thirteen brokerages that are currently covering the stock, StockRatingsNetwork.com reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $97.83.
A number of analysts have recently weighed in on HAIN shares. 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, July 15th. 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.
Shares of The Hain Celestial Group (NASDAQ:HAIN) opened at 85.85 on Wednesday. The Hain Celestial Group has a 1-year low of $72.18 and a 1-year high of $98.83. The stock’s 50-day moving average is $89.15 and its 200-day moving average is $89.98. The company has a market cap of $4.302 billion and a P/E ratio of 32.31.
The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly 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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