The Hain Celestial Group Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:HAIN)
The Hain Celestial Group (NASDAQ:HAIN) has earned an average recommendation of “Buy” from the thirteen ratings firms that are covering the company, StockRatingsNetwork reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $101.75.
A number of research firms have recently commented on HAIN. Analysts at Zacks reiterated an “outperform” rating on shares of The Hain Celestial Group in a research note on Tuesday. They now have a $106.00 price target on the stock. Separately, 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, August 25th. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of The Hain Celestial Group in a research note on Friday, August 22nd. They now have a $114.00 price target on the stock, up previously from $109.00.
The Hain Celestial Group (NASDAQ:HAIN) opened at 98.36 on Tuesday. The Hain Celestial Group has a 52-week low of $72.34 and a 52-week high of $99.91. The stock’s 50-day moving average is $88.83 and its 200-day moving average is $89.44. The company has a market cap of $4.926 billion and a P/E ratio of 35.17.
The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results 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 $3.83 earnings per share for the current fiscal year.
In other The Hain Celestial Group news, EVP John Carroll sold 4,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $98.03, for a total transaction of $392,120.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
The Hain Celestial Group, Inc, manufactures, markets, distributes and sells natural and organic products.
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