Citigroup Inc. Reaffirms “Buy” Rating for The Hain Celestial Group (HAIN)
The Hain Celestial Group (NASDAQ:HAIN)‘s stock had its “buy” rating reissued by investment analysts at Citigroup Inc. in a note issued to investors on Friday. They currently have a $114.00 price objective on the stock, up from their previous price objective of $109.00. Citigroup Inc.’s price objective suggests a potential upside of 18.96% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of The Hain Celestial Group to $105.00 in a research note on Thursday. Separately, analysts at Imperial Capital raised their price target on shares of The Hain Celestial Group from $98.00 to $109.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, 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. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $101.09.
The Hain Celestial Group (NASDAQ:HAIN) traded down 0.61% on Friday, hitting $95.25. 356,338 shares of the company’s stock traded hands. The Hain Celestial Group has a 52 week low of $72.34 and a 52 week high of $98.83. The stock has a 50-day moving average of $87.61 and a 200-day moving average of $89.02. The company has a market cap of $4.773 billion and a price-to-earnings ratio of 36.40.
The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.89 by $0.01. The company had revenue of $583.80 million for the quarter, compared to the consensus estimate of $577.73 million. During the same quarter last year, the company posted $0.65 earnings per share. The Hain Celestial Group’s revenue was up 26.0% compared to the same quarter last year. On average, analysts predict that The Hain Celestial Group will post $3.80 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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