Hain Celestial Group (NASDAQ:HAIN) Downgraded by BidaskClub

BidaskClub downgraded shares of Hain Celestial Group (NASDAQ:HAIN) from a buy rating to a hold rating in a research note issued to investors on Thursday, BidAskClub reports.

HAIN has been the topic of several other research reports. SunTrust Banks increased their price target on Hain Celestial Group to $20.00 and gave the stock a hold rating in a report on Friday, May 10th. Maxim Group reiterated a buy rating and issued a $28.00 price target (up previously from $25.00) on shares of Hain Celestial Group in a report on Friday, May 10th. Evercore ISI began coverage on Hain Celestial Group in a report on Tuesday, June 11th. They issued an in-line rating and a $22.00 price target on the stock. Wolfe Research lowered Hain Celestial Group from an outperform rating to a peer perform rating in a report on Friday, May 17th. Finally, Buckingham Research set a $23.00 price target on Hain Celestial Group and gave the stock a hold rating in a report on Friday, May 10th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $23.39.

NASDAQ HAIN opened at $18.38 on Thursday. The business has a 50 day simple moving average of $21.24 and a 200 day simple moving average of $21.22. Hain Celestial Group has a one year low of $14.45 and a one year high of $29.42. The stock has a market capitalization of $1.97 billion, a P/E ratio of 26.63, a P/E/G ratio of 11.69 and a beta of 1.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.22.

Several hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in Hain Celestial Group in the fourth quarter valued at $12,082,000. Geode Capital Management LLC raised its holdings in Hain Celestial Group by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 952,725 shares of the company’s stock valued at $15,109,000 after acquiring an additional 29,919 shares in the last quarter. Retirement Systems of Alabama raised its holdings in Hain Celestial Group by 0.5% in the first quarter. Retirement Systems of Alabama now owns 116,561 shares of the company’s stock valued at $2,695,000 after acquiring an additional 528 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in Hain Celestial Group in the first quarter valued at $336,000. Finally, Thompson Investment Management Inc. raised its holdings in Hain Celestial Group by 31.9% in the first quarter. Thompson Investment Management Inc. now owns 18,565 shares of the company’s stock valued at $429,000 after acquiring an additional 4,490 shares in the last quarter. Institutional investors own 96.77% of the company’s stock.

Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.

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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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