Zacks Reiterates “Outperform” Rating for The Hain Celestial Group (HAIN)
The Hain Celestial Group (NASDAQ:HAIN)‘s stock had its “outperform” rating restated by Zacks in a note issued to investors on Tuesday. They currently have a $106.00 price objective on the stock. Zacks‘s price objective would suggest a potential upside of 10.22% from the company’s current price.
A number of other analysts have also recently weighed in on HAIN. Analysts at Argus raised their price target on shares of The Hain Celestial Group from $103.00 to $106.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of The Hain Celestial Group in a research note on Friday. They now have a $114.00 price target on the stock, up previously from $109.00. Finally, 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, August 21st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $101.75.
Shares of The Hain Celestial Group (NASDAQ:HAIN) traded up 1.53% during mid-day trading on Tuesday, hitting $97.645. The stock had a trading volume of 389,573 shares. 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 $87.94 and a 200-day moving average of $89.14. The company has a market cap of $4.890 billion and a price-to-earnings ratio of 34.38.
The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. Analysts expect that The Hain Celestial Group will post $3.81 EPS for the current fiscal year.
The Hain Celestial Group, Inc, manufactures, markets, distributes and sells natural and organic products.
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