Herbalife Given Consensus Rating of “Hold” by Brokerages (NYSE:HLF)
Herbalife (NYSE:HLF) has earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, Analyst Ratings News reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $86.74.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Herbalife to a “hold” rating in a research note on Wednesday. Separately, analysts at Wedbush cut their price target on shares of Herbalife from $90.00 to $85.00 in a research note on Thursday, July 31st. Finally, analysts at Zacks downgraded shares of Herbalife from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $70.20 price target on the stock.
Shares of Herbalife (NYSE:HLF) traded up 0.53% during mid-day trading on Thursday, hitting $52.227. The stock had a trading volume of 113,992 shares. Herbalife has a 52 week low of $48.26 and a 52 week high of $83.51. The stock’s 50-day moving average is $60.25 and its 200-day moving average is $61.36. The company has a market cap of $4.793 billion and a price-to-earnings ratio of 11.51.
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, Insider Brett Chapman purchased 5,100 shares of Herbalife stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $52.00 per share, with a total value of $265,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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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