Herbalife Ltd (NYSE:HLF) Given Consensus Rating of “Moderate Buy” by Brokerages

Herbalife Ltd (NYSE:HLF) has earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Two research 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 covered the stock in the last year is $15.80.

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Herbalife in a research report on Thursday, January 22nd. Maxim Group started coverage on shares of Herbalife in a research note on Tuesday, January 6th. They issued a “buy” rating and a $20.00 price objective for the company. Citigroup reaffirmed a “buy” rating and set a $17.00 price objective (up previously from $11.00) on shares of Herbalife in a report on Friday, December 12th. Argus set a $15.00 target price on Herbalife in a research report on Wednesday, November 26th. Finally, Mizuho set a $13.00 target price on Herbalife and gave the company a “neutral” rating in a report on Thursday, January 8th.

Herbalife Stock Down 1.2%

HLF stock opened at $15.88 on Monday. The business has a 50 day moving average price of $15.18 and a 200 day moving average price of $11.43. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 5.07 and a beta of 0.84. Herbalife has a fifty-two week low of $5.50 and a fifty-two week high of $17.93.

Insiders Place Their Bets

In other Herbalife news, Director Lynda Cloud bought 17,000 shares of the stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average cost of $8.97 per share, for a total transaction of $152,490.00. Following the completion of the transaction, the director owned 38,857 shares in the company, valued at approximately $348,547.29. The trade was a 77.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased a total of 18,200 shares of company stock valued at $167,938 in the last three months. 1.73% of the stock is currently owned by insiders.

Institutional Trading of Herbalife

Institutional investors and hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new stake in Herbalife during the 2nd quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new position in Herbalife during the fourth quarter valued at approximately $32,000. Aster Capital Management DIFC Ltd purchased a new stake in Herbalife during the third quarter worth approximately $35,000. GAMMA Investing LLC increased its position in shares of Herbalife by 115.6% in the third quarter. GAMMA Investing LLC now owns 7,024 shares of the company’s stock worth $59,000 after acquiring an additional 3,766 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Herbalife in the third quarter worth $65,000.

Herbalife Company Profile

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.