Herbalife (NYSE:HLF) Receives “Neutral” Rating from DA Davidson

Herbalife (NYSE:HLF)‘s stock had its “neutral” rating restated by stock analysts at DA Davidson in a research note issued to investors on Thursday,Benzinga reports. They currently have a $7.50 price target on the stock. DA Davidson’s target price would indicate a potential downside of 9.29% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Citigroup decreased their price target on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 25th. B. Riley reduced their target price on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Mizuho raised their price target on shares of Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Herbalife currently has a consensus rating of “Hold” and an average target price of $9.90.

Herbalife Trading Up 3.1 %

HLF opened at $8.27 on Thursday. Herbalife has a 1-year low of $5.04 and a 1-year high of $12.79. The company has a market cap of $833.33 million, a price-to-earnings ratio of 3.32, a PEG ratio of 0.20 and a beta of 1.15. The company’s fifty day moving average price is $6.27 and its two-hundred day moving average price is $7.24.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.28. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 19.71%. As a group, equities analysts forecast that Herbalife will post 1.57 earnings per share for the current fiscal year.

Institutional Trading of Herbalife

A number of large investors have recently added to or reduced their stakes in HLF. Diversify Wealth Management LLC raised its stake in shares of Herbalife by 271.4% in the third quarter. Diversify Wealth Management LLC now owns 159,499 shares of the company’s stock valued at $1,113,000 after buying an additional 116,548 shares during the period. Iridian Asset Management LLC CT lifted its holdings in shares of Herbalife by 43.7% in the third quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company’s stock worth $16,021,000 after buying an additional 677,739 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Herbalife by 139.4% in the third quarter. Harbor Capital Advisors Inc. now owns 38,020 shares of the company’s stock valued at $273,000 after acquiring an additional 22,138 shares during the period. Prospera Financial Services Inc purchased a new position in Herbalife during the third quarter valued at approximately $154,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Herbalife by 31.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 550,795 shares of the company’s stock worth $3,960,000 after acquiring an additional 130,818 shares during the period.

Herbalife Company Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.