ValuEngine Downgrades Herbalife (HLF) to Buy

Herbalife (NYSE:HLF) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday.

A number of other research firms also recently issued reports on HLF. Citigroup restated a “hold” rating and set a $73.00 price objective (up previously from $71.00) on shares of Herbalife in a report on Tuesday, October 3rd. Tigress Financial reiterated a “buy” rating on shares of Herbalife in a research report on Monday, August 21st. SunTrust Banks reiterated a “hold” rating and set a $67.00 target price on shares of Herbalife in a research report on Friday, November 10th. Zacks Investment Research lowered shares of Herbalife from a “hold” rating to a “strong sell” rating in a research report on Monday, November 6th. Finally, Pivotal Research reiterated a “buy” rating and set a $120.00 target price on shares of Herbalife in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $83.25.

Herbalife (NYSE HLF) traded down $2.00 during midday trading on Monday, reaching $67.66. 1,011,907 shares of the company were exchanged, compared to its average volume of 1,217,534. Herbalife has a 1-year low of $47.66 and a 1-year high of $79.64. The company has a debt-to-equity ratio of 9.94, a current ratio of 2.65 and a quick ratio of 2.24. The stock has a market capitalization of $6,074.16, a P/E ratio of 15.24 and a beta of 1.27.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.82. Herbalife had a net margin of 8.60% and a return on equity of 176.64%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $1.21 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. research analysts predict that Herbalife will post 4.55 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of HLF. Acadian Asset Management LLC bought a new position in Herbalife during the second quarter worth about $106,000. Phocas Financial Corp. bought a new position in Herbalife during the second quarter worth about $124,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Herbalife by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the company’s stock valued at $180,000 after acquiring an additional 268 shares during the period. Opera Trading Capital bought a new position in shares of Herbalife in the third quarter valued at approximately $185,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Herbalife by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock valued at $201,000 after acquiring an additional 189 shares during the period.

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Herbalife Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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