Wedbush Lowers Herbalife Price Target to $85.00 (HLF)
Stock analysts at Wedbush cut their target price on shares of Herbalife (NYSE:HLF) from $90.00 to $85.00 in a report issued on Thursday. Wedbush’s target price indicates a potential upside of 61.69% from the company’s current price.
Herbalife (NYSE:HLF) traded up 0.32% on Thursday, hitting $52.57. 2,815,831 shares of the company’s stock traded hands. 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 $63.25 and its 200-day moving average is $62.55. The company has a market cap of $4.825 billion and a P/E ratio of 11.61.
Herbalife (NYSE:HLF) last announced its earnings results on Monday, July 28th. The company reported $1.55 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Herbalife will post $6.29 earnings per share for the current fiscal year.
In other Herbalife news, COO Richard Goudis acquired 10,700 shares of Herbalife stock in a transaction dated Thursday, July 31st. The shares were purchased at an average cost of $55.81 per share, for a total transaction of $597,167.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on HLF. Analysts at Zacks downgraded shares of Herbalife from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $70.20 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $86.74.
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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