The Hain Celestial Group Given “Buy” Rating at Canaccord Genuity (HAIN)
The Hain Celestial Group (NASDAQ:HAIN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued to investors on Friday. They currently have a $112.00 price objective on the stock, up from their previous price objective of $108.00. Canaccord Genuity’s target price points to a potential upside of 14.68% from the company’s current price.
A number of other firms have also recently commented on HAIN. Analysts at Zacks reiterated an “outperform” rating on shares of The Hain Celestial Group in a research note on Tuesday, August 26th. 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. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $102.08.
In other The Hain Celestial Group news, EVP John Carroll sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were 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 Securities & Exchange Commission, which is available at this link.
Shares of The Hain Celestial Group (NASDAQ:HAIN) opened at 97.66 on Friday. 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 $89.73 and its 200-day moving average is $89.74. The company has a market cap of $4.918 billion and a price-to-earnings ratio of 35.06.
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. Analysts expect that The Hain Celestial Group will post $3.84 EPS for the current fiscal year.
The Hain Celestial Group, Inc, manufactures, markets, distributes and sells natural and organic products.
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