Zacks Downgrades Herbalife to Neutral (HLF)
Herbalife (NYSE:HLF) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Wednesday. They currently have a $70.20 target price on the stock. Zacks‘s price objective would indicate a potential upside of 20.31% from the stock’s previous close.
Herbalife (NYSE:HLF) traded down 3.99% on Wednesday, hitting $56.02. The stock had a trading volume of 3,608,633 shares. Herbalife has a 1-year low of $49.35 and a 1-year high of $83.51. The stock’s 50-day moving average is $64.08 and its 200-day moving average is $62.87. The company has a market cap of $4.824 billion and a price-to-earnings ratio of 12.92. Herbalife also was the recipient of unusually large options trading activity on Monday. Stock traders acquired 23,786 call options on the stock. This is an increase of approximately 664% compared to the average volume of 3,113 call options.
Herbalife (NYSE:HLF) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.55 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.57 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the company posted $1.41 earnings per share. Herbalife’s revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that Herbalife will post $6.29 earnings per share for the current fiscal year.
In other Herbalife news, Director Leroy Jr. Barnes sold 18,625 shares of Herbalife stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $64.45, for a total value of $1,200,381.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Herbalife Ltd. is a global nutrition company. The Company sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products as well as personal care products.
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