ValuEngine upgraded shares of Herbalife LTD. (NYSE:HLF) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday morning.
Several other analysts have also issued reports on the stock. SunTrust Banks, Inc. reiterated a hold rating and issued 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. Pivotal Research reiterated a buy rating and issued a $120.00 target price on shares of Herbalife in a research report on Tuesday, October 3rd. Citigroup Inc. reissued a hold rating and issued a $73.00 price target (up from $71.00) on shares of Herbalife in a research note on Tuesday, October 3rd. Finally, Tigress Financial reissued a buy rating on shares of Herbalife in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $83.25.
Shares of Herbalife (NYSE:HLF) opened at $67.98 on Wednesday. Herbalife has a 52-week low of $47.62 and a 52-week high of $79.64. The stock has a market cap of $5,927.65, a PE ratio of 14.88 and a beta of 1.32. The company has a debt-to-equity ratio of 9.94, a current ratio of 2.65 and a quick ratio of 2.24.
Herbalife (NYSE:HLF) last announced its earnings results on Thursday, November 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $1.21 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. sell-side analysts forecast that Herbalife will post 4.55 EPS for the current year.
Several large investors have recently bought and sold shares of the company. M&T Bank Corp lifted its stake in shares of Herbalife by 0.3% in the second quarter. M&T Bank Corp now owns 5,371 shares of the company’s stock worth $384,000 after buying an additional 15 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake 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 worth $201,000 after buying an additional 189 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 worth $180,000 after buying an additional 268 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of Herbalife by 6.3% in the second quarter. Prudential Financial Inc. now owns 5,081 shares of the company’s stock worth $362,000 after buying an additional 300 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its stake in shares of Herbalife by 2.4% in the second quarter. Tudor Investment Corp ET AL now owns 34,009 shares of the company’s stock worth $2,426,000 after buying an additional 781 shares in the last quarter.
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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.
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