Herbalife Nutrition Ltd (HLF) Given Consensus Rating of “Buy” by Brokerages

Shares of Herbalife Nutrition Ltd (NYSE:HLF) have been assigned a consensus rating of “Buy” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $60.92.

A number of analysts have weighed in on HLF shares. Jefferies Financial Group started coverage on Herbalife Nutrition in a report on Thursday, October 11th. They set a “buy” rating and a $65.00 target price for the company. Pivotal Research restated a “buy” rating and set a $62.00 target price (down previously from $75.00) on shares of Herbalife Nutrition in a report on Wednesday, October 31st. Royal Bank of Canada restated a “hold” rating on shares of Herbalife Nutrition in a report on Friday, November 9th. Tigress Financial restated a “buy” rating on shares of Herbalife Nutrition in a report on Friday, November 16th. Finally, Argus restated a “buy” rating and set a $72.00 target price on shares of Herbalife Nutrition in a report on Friday, January 4th.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Herbalife Nutrition by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 10,058,515 shares of the company’s stock valued at $548,692,000 after purchasing an additional 103,973 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Herbalife Nutrition by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 10,058,515 shares of the company’s stock valued at $548,692,000 after purchasing an additional 103,973 shares during the last quarter. FMR LLC lifted its holdings in shares of Herbalife Nutrition by 91.2% during the 2nd quarter. FMR LLC now owns 7,662,197 shares of the company’s stock valued at $411,614,000 after purchasing an additional 3,654,763 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Herbalife Nutrition by 42.1% during the 3rd quarter. Renaissance Technologies LLC now owns 7,601,225 shares of the company’s stock valued at $414,647,000 after purchasing an additional 2,251,900 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Herbalife Nutrition by 3.4% during the 3rd quarter. BlackRock Inc. now owns 5,698,507 shares of the company’s stock valued at $310,854,000 after purchasing an additional 188,790 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

Shares of NYSE:HLF opened at $59.70 on Tuesday. Herbalife Nutrition has a 52-week low of $35.79 and a 52-week high of $60.41. The company has a market capitalization of $9.32 billion, a P/E ratio of 24.57, a PEG ratio of 1.05 and a beta of 0.54.

Herbalife Nutrition (NYSE:HLF) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. Herbalife Nutrition had a negative return on equity of 82.17% and a net margin of 3.84%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Herbalife Nutrition’s revenue was up 14.5% compared to the same quarter last year. On average, analysts expect that Herbalife Nutrition will post 2.85 EPS for the current year.

Herbalife Nutrition Company Profile

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

Featured Article: What is the quiet period?

Analyst Recommendations for Herbalife Nutrition (NYSE:HLF)

Receive News & Ratings for Herbalife Nutrition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herbalife Nutrition and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit