The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Average Rating of “Buy” from Brokerages

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has received an average recommendation of “Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $43.40.

A number of research firms have weighed in on HAIN. Zacks Investment Research downgraded The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $46.00 price target for the company. in a research note on Tuesday, April 13th. TheStreet upgraded The Hain Celestial Group from a “c+” rating to a “b-” rating in a research note on Thursday, April 1st. Maxim Group lifted their target price on The Hain Celestial Group from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, February 10th. Piper Sandler upgraded The Hain Celestial Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $42.00 to $50.00 in a research note on Tuesday, February 9th. Finally, Truist lifted their target price on The Hain Celestial Group from $40.00 to $50.00 in a research note on Wednesday, February 10th.

HAIN stock opened at $40.67 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.86 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $42.35 and a two-hundred day moving average price of $40.39. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 156.42 and a beta of 0.89. The Hain Celestial Group has a twelve month low of $28.65 and a twelve month high of $46.02.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Thursday, May 6th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.06. The firm had revenue of $492.60 million during the quarter, compared to the consensus estimate of $507.74 million. The Hain Celestial Group had a return on equity of 7.27% and a net margin of 1.31%. The business’s revenue was down 11.0% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. On average, equities research analysts anticipate that The Hain Celestial Group will post 1.27 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. People s United Financial Inc. raised its holdings in The Hain Celestial Group by 1.9% in the 4th quarter. People s United Financial Inc. now owns 13,532 shares of the company’s stock valued at $543,000 after acquiring an additional 254 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in The Hain Celestial Group by 1.0% in the 4th quarter. Checchi Capital Advisers LLC now owns 36,707 shares of the company’s stock valued at $1,474,000 after acquiring an additional 352 shares in the last quarter. Quantinno Capital Management LP raised its holdings in The Hain Celestial Group by 4.6% in the 4th quarter. Quantinno Capital Management LP now owns 8,726 shares of the company’s stock valued at $350,000 after acquiring an additional 382 shares in the last quarter. Parallel Advisors LLC raised its holdings in The Hain Celestial Group by 8.6% in the 4th quarter. Parallel Advisors LLC now owns 4,877 shares of the company’s stock valued at $196,000 after acquiring an additional 388 shares in the last quarter. Finally, Huntington National Bank grew its position in The Hain Celestial Group by 47.4% during the 1st quarter. Huntington National Bank now owns 1,216 shares of the company’s stock worth $53,000 after acquiring an additional 391 shares during the last quarter. 98.26% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, 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, almond, and coconut; and condiments.

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Analyst Recommendations for The Hain Celestial Group (NASDAQ:HAIN)

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