Evercore ISI Has Lowered Expectations for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its price objective reduced by stock analysts at Evercore ISI from $9.00 to $6.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 36.05% from the stock’s current price.

A number of other analysts have also recently commented on the company. Maxim Group lowered their price target on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday. Piper Sandler cut their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price target on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Stifel Nicolaus dropped their price objective on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Mizuho decreased their target price on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, The Hain Celestial Group currently has an average rating of “Hold” and a consensus target price of $6.56.

The Hain Celestial Group Trading Up 5.3 %

Shares of NASDAQ HAIN opened at $4.41 on Wednesday. The company’s 50 day simple moving average is $5.93 and its 200 day simple moving average is $7.24. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The Hain Celestial Group has a fifty-two week low of $3.28 and a fifty-two week high of $10.07. The firm has a market capitalization of $397.74 million, a P/E ratio of -4.69 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. On average, analysts predict that The Hain Celestial Group will post 0.43 EPS for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of HAIN. SG Americas Securities LLC acquired a new stake in shares of The Hain Celestial Group in the third quarter valued at about $260,000. CWM LLC grew its stake in The Hain Celestial Group by 14.5% in the third quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after purchasing an additional 1,276 shares in the last quarter. Creative Planning grew its stake in The Hain Celestial Group by 3.6% in the third quarter. Creative Planning now owns 36,298 shares of the company’s stock valued at $313,000 after purchasing an additional 1,272 shares in the last quarter. Swedbank AB acquired a new position in shares of The Hain Celestial Group during the 3rd quarter worth approximately $216,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of The Hain Celestial Group by 2.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 637,563 shares of the company’s stock worth $5,502,000 after purchasing an additional 13,376 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.