The Hain Celestial Group, Inc. (NASDAQ:HAIN) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Thursday, Marketbeat.com reports. They currently have a $44.00 price target on the stock, down from their prior price target of $48.00. BMO Capital Markets’ price objective suggests a potential upside of 17.27% from the stock’s previous close.

A number of other research analysts have also recently commented on HAIN. J P Morgan Chase & Co cut The Hain Celestial Group from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $43.00 to $35.00 in a report on Friday, June 23rd. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $44.00 price target (up from $42.00) on shares of The Hain Celestial Group in a report on Friday, June 23rd. UBS AG reissued a “sell” rating and issued a $31.00 price target (down from $33.00) on shares of The Hain Celestial Group in a report on Sunday, June 25th. Royal Bank Of Canada lowered their price target on The Hain Celestial Group from $44.00 to $39.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 27th. Finally, Vetr cut The Hain Celestial Group from a “strong-buy” rating to a “buy” rating and set a $37.69 price target on the stock. in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the stock. The Hain Celestial Group presently has a consensus rating of “Hold” and an average price target of $42.13.

The Hain Celestial Group (NASDAQ HAIN) traded down 1.11% on Thursday, hitting $37.52. 2,099,238 shares of the company traded hands. The firm has a market capitalization of $3.89 billion, a PE ratio of 57.72 and a beta of 1.28. The Hain Celestial Group has a 1-year low of $31.01 and a 1-year high of $45.61. The firm’s 50 day moving average price is $40.63 and its 200 day moving average price is $38.97.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Tuesday, August 29th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The Hain Celestial Group had a return on equity of 7.65% and a net margin of 2.36%. The company had revenue of $725.10 million for the quarter, compared to analysts’ expectations of $720.70 million. During the same period in the previous year, the firm earned $0.43 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts predict that The Hain Celestial Group will post $1.66 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oakbrook Investments LLC bought a new position in shares of The Hain Celestial Group during the 3rd quarter valued at approximately $202,000. Fisher Asset Management LLC increased its position in shares of The Hain Celestial Group by 5.0% during the 3rd quarter. Fisher Asset Management LLC now owns 175,593 shares of the company’s stock valued at $7,226,000 after purchasing an additional 8,327 shares during the last quarter. Toronto Dominion Bank bought a new position in shares of The Hain Celestial Group during the 2nd quarter valued at approximately $13,584,000. Proxima Capital Management LLC bought a new position in shares of The Hain Celestial Group during the 2nd quarter valued at approximately $4,076,000. Finally, Sterling Capital Management LLC bought a new position in shares of The Hain Celestial Group during the 2nd quarter valued at approximately $281,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

About The Hain Celestial Group

The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.

Analyst Recommendations for The Hain Celestial Group (NASDAQ:HAIN)

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