Herbalife Receives Average Rating of “Hold” from Brokerages (NYSE:HLF)
Herbalife (NYSE:HLF) has earned a consensus rating of “Hold” from the ten brokerages that are covering the stock, AnalystRatingsNetwork.com reports. One 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 1-year price target among brokerages that have covered the stock in the last year is $86.74.
A number of analysts have recently weighed in on HLF shares. Analysts at TheStreet downgraded shares of Herbalife to a “hold” rating in a research note on Wednesday, August 13th. 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.
In other Herbalife news, Insider Brett Chapman bought 5,100 shares of the company’s stock on the open market in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $52.00 per share, for a total transaction of $265,200.00. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Shares of Herbalife (NYSE:HLF) opened at 51.45 on Thursday. Herbalife has a 1-year low of $48.26 and a 1-year high of $83.51. The stock has a 50-day moving average of $59.55 and a 200-day moving average of $61.21. The company has a market cap of $4.722 billion and a price-to-earnings ratio of 11.59.
Herbalife (NYSE:HLF) last posted its quarterly earnings results on Monday, July 28th. The company reported $1.55 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.41 earnings per share. The company’s revenue for the quarter 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.
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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