Herbalife Nutrition Ltd (NYSE:HLF) has received a consensus rating of “Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $41.55.
HLF has been the topic of a number of recent research reports. Citigroup reissued a “buy” rating and set a $55.00 target price on shares of Herbalife Nutrition in a research report on Wednesday, December 4th. Zacks Investment Research raised Herbalife Nutrition from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, ValuEngine raised Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its stake in shares of Herbalife Nutrition by 16.7% in the second quarter. SG Americas Securities LLC now owns 3,010 shares of the company’s stock valued at $129,000 after acquiring an additional 430 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Herbalife Nutrition by 152.5% in the third quarter. Parallel Advisors LLC now owns 712 shares of the company’s stock valued at $27,000 after acquiring an additional 430 shares during the last quarter. Doyle Wealth Management bought a new position in shares of Herbalife Nutrition in the second quarter valued at approximately $37,000. California State Teachers Retirement System raised its stake in shares of Herbalife Nutrition by 0.5% in the third quarter. California State Teachers Retirement System now owns 166,163 shares of the company’s stock valued at $6,291,000 after acquiring an additional 892 shares during the last quarter. Finally, BBVA USA Bancshares Inc. raised its stake in shares of Herbalife Nutrition by 8.4% in the third quarter. BBVA USA Bancshares Inc. now owns 12,007 shares of the company’s stock valued at $455,000 after acquiring an additional 927 shares during the last quarter. 86.12% of the stock is currently owned by institutional investors.
HLF stock opened at $45.54 on Friday. Herbalife Nutrition has a twelve month low of $33.62 and a twelve month high of $61.77. The company has a market cap of $6.53 billion, a PE ratio of 15.81 and a beta of 0.51. The business’s 50-day simple moving average is $44.32 and its 200 day simple moving average is $40.98.
Herbalife Nutrition (NYSE:HLF) last released its earnings results on Tuesday, October 29th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. Herbalife Nutrition had a negative return on equity of 65.44% and a net margin of 6.26%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the business earned $0.74 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts predict that Herbalife Nutrition will post 2.66 EPS for the current fiscal 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.
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