Wall Street Zen Upgrades Herbalife (NYSE:HLF) to Strong-Buy

Wall Street Zen upgraded shares of Herbalife (NYSE:HLF) from a buy rating to a strong-buy rating in a report released on Saturday.

Separately, Mizuho raised their price objective on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.50.

Herbalife Stock Performance

Shares of Herbalife stock opened at $9.10 on Friday. Herbalife has a 1 year low of $5.04 and a 1 year high of $10.83. The company has a market capitalization of $938.30 million, a P/E ratio of 2.87, a PEG ratio of 0.28 and a beta of 0.89. The company’s fifty day moving average is $9.44 and its two-hundred day moving average is $8.40.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.06. Herbalife had a net margin of 6.59% and a negative return on equity of 27.36%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm posted $0.54 EPS. Herbalife’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities analysts expect that Herbalife will post 1.57 earnings per share for the current year.

Institutional Trading of Herbalife

Several institutional investors and hedge funds have recently modified their holdings of HLF. FNY Investment Advisers LLC purchased a new stake in shares of Herbalife in the second quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Herbalife by 4,406.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,912 shares of the company’s stock valued at $42,000 after purchasing an additional 4,803 shares in the last quarter. CWM LLC lifted its holdings in shares of Herbalife by 199.7% in the first quarter. CWM LLC now owns 7,969 shares of the company’s stock valued at $69,000 after purchasing an additional 5,310 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Herbalife in the second quarter valued at about $103,000. Finally, MQS Management LLC purchased a new stake in shares of Herbalife in the first quarter valued at about $105,000.

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.