The Hain Celestial Group (NASDAQ:HAIN – Get Rating) had its price target cut by Piper Sandler from $27.00 to $24.00 in a research note issued to investors on Monday morning, The Fly reports. They currently have an overweight rating on the stock.
A number of other research analysts have also commented on the stock. Evercore ISI cut their price objective on shares of The Hain Celestial Group to $30.00 in a research report on Monday, August 15th. CL King initiated coverage on shares of The Hain Celestial Group in a research report on Tuesday, May 24th. They issued a buy rating and a $35.00 price target for the company. StockNews.com cut shares of The Hain Celestial Group from a hold rating to a sell rating in a research note on Thursday, September 15th. Cowen decreased their price objective on shares of The Hain Celestial Group to $27.00 in a research note on Monday, August 15th. Finally, Consumer Edge cut shares of The Hain Celestial Group from an overweight rating to an equal weight rating and decreased their price target for the company from $30.00 to $23.00 in a research note on Monday, August 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $34.00.
The Hain Celestial Group Trading Down 0.3 %
Shares of NASDAQ:HAIN opened at $17.25 on Monday. The stock has a market capitalization of $1.54 billion, a PE ratio of 20.78 and a beta of 0.70. The Hain Celestial Group has a 1 year low of $17.13 and a 1 year high of $48.88. The firm has a fifty day moving average price of $21.76 and a 200 day moving average price of $26.41. The company has a current ratio of 2.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.81.
Institutional Investors Weigh In On The Hain Celestial Group
Hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. grew its position in The Hain Celestial Group by 10.0% in the second quarter. Federated Hermes Inc. now owns 26,547 shares of the company’s stock valued at $630,000 after purchasing an additional 2,413 shares in the last quarter. Amundi bought a new position in shares of The Hain Celestial Group in the 2nd quarter valued at about $1,119,000. Verition Fund Management LLC bought a new position in shares of The Hain Celestial Group in the 2nd quarter valued at about $744,000. Walleye Capital LLC bought a new stake in shares of The Hain Celestial Group during the 2nd quarter worth about $1,249,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of The Hain Celestial Group by 18.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 436,941 shares of the company’s stock worth $10,373,000 after buying an additional 69,284 shares during the period. 91.00% of the stock is currently 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.
- Get a free copy of the StockNews.com research report on The Hain Celestial Group (HAIN)
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