Brokerages Set Herbalife Nutrition Ltd (NYSE:HLF) Price Target at $41.95

Herbalife Nutrition Ltd (NYSE:HLF) has earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $41.95.

Several research analysts recently commented on the company. Royal Bank of Canada reaffirmed a “hold” rating and issued a $10.00 target price on shares of Herbalife Nutrition in a research report on Thursday, August 8th. Citigroup lowered their target price on Herbalife Nutrition from $66.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Pivotal Research reiterated a “buy” rating and issued a $65.00 price objective (down from $75.00) on shares of Herbalife Nutrition in a research report on Friday, August 2nd. Pi Financial upgraded Herbalife Nutrition from a “neutral” rating to a “buy” rating and raised their target price for the stock from $8.75 to $12.75 in a report on Thursday, August 8th. Finally, ValuEngine upgraded Herbalife Nutrition from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.

Shares of HLF traded down $0.08 during mid-day trading on Friday, hitting $36.95. The company’s stock had a trading volume of 203,059 shares, compared to its average volume of 2,285,616. Herbalife Nutrition has a one year low of $36.62 and a one year high of $61.77. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 12.83 and a beta of 0.43. The business has a 50-day moving average of $40.91.



Herbalife Nutrition (NYSE:HLF) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.05). The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.30 billion. Herbalife Nutrition had a net margin of 6.05% and a negative return on equity of 58.68%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 earnings per share. As a group, sell-side analysts forecast that Herbalife Nutrition will post 2.61 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Bronte Capital Management Pty Ltd. lifted its holdings in Herbalife Nutrition by 13.6% in the 2nd quarter. Bronte Capital Management Pty Ltd. now owns 1,071,844 shares of the company’s stock valued at $45,832,000 after acquiring an additional 128,716 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Herbalife Nutrition by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 904,284 shares of the company’s stock worth $38,667,000 after buying an additional 10,751 shares during the last quarter. Atria Investments LLC acquired a new position in Herbalife Nutrition during the second quarter valued at approximately $2,592,000. Edgestream Partners L.P. grew its holdings in Herbalife Nutrition by 632.9% during the second quarter. Edgestream Partners L.P. now owns 377,870 shares of the company’s stock valued at $16,158,000 after purchasing an additional 326,313 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its position in shares of Herbalife Nutrition by 260.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 169,500 shares of the company’s stock valued at $7,346,000 after acquiring an additional 122,500 shares during the period. Institutional investors own 95.06% of the company’s stock.

About Herbalife Nutrition

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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Analyst Recommendations for Herbalife Nutrition (NYSE:HLF)

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