Herbalife LTD. (HLF) Receives Average Rating of “Buy” from Brokerages
Shares of Herbalife LTD. (NYSE:HLF) have earned a consensus recommendation of “Buy” from the eight brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $83.00.
HLF has been the topic of a number of recent research reports. ValuEngine upgraded shares of Herbalife LTD. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub downgraded shares of Herbalife LTD. from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Tigress Financial restated a “buy” rating on shares of Herbalife LTD. in a research report on Wednesday, August 9th. Pivotal Research lifted their price objective on shares of Herbalife LTD. from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, June 5th. Finally, Citigroup Inc. set a $72.00 price objective on shares of Herbalife LTD. and gave the company a “hold” rating in a research report on Wednesday, August 2nd.
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A number of institutional investors have recently added to or reduced their stakes in HLF. BlackRock Inc. increased its stake in Herbalife LTD. by 19,647.9% during the 1st quarter. BlackRock Inc. now owns 3,149,983 shares of the company’s stock valued at $183,139,000 after buying an additional 3,134,032 shares during the period. FMR LLC increased its stake in Herbalife LTD. by 18.6% during the 1st quarter. FMR LLC now owns 7,358,472 shares of the company’s stock valued at $427,821,000 after buying an additional 1,151,421 shares during the period. Stonehill Capital Management LLC acquired a new position in Herbalife LTD. during the 1st quarter valued at about $27,373,000. First Trust Advisors LP grew its stake in shares of Herbalife LTD. by 468.2% in the 2nd quarter. First Trust Advisors LP now owns 172,027 shares of the company’s stock worth $12,271,000 after purchasing an additional 141,752 shares during the last quarter. Finally, UBS Oconnor LLC grew its stake in shares of Herbalife LTD. by 15.0% in the 2nd quarter. UBS Oconnor LLC now owns 1,062,200 shares of the company’s stock worth $75,767,000 after purchasing an additional 138,428 shares during the last quarter.
Shares of Herbalife LTD. (NYSE:HLF) traded down 0.88% during midday trading on Friday, reaching $69.05. 602,062 shares of the company were exchanged. Herbalife LTD. has a 52-week low of $47.62 and a 52-week high of $74.49. The company has a market capitalization of $6.23 billion, a PE ratio of 14.52 and a beta of 1.22. The stock’s 50-day moving average price is $67.18 and its 200-day moving average price is $65.50.
Herbalife LTD. (NYSE:HLF) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.41. Herbalife LTD. had a net margin of 9.28% and a return on equity of 216.82%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $1.29 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts anticipate that Herbalife LTD. will post $4.71 EPS for the current year.
About Herbalife LTD.
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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