Herbalife (NYSE:HLF) Price Target Raised to $15.00
by Mitch Edgeman · The Markets DailyHerbalife (NYSE:HLF – Free Report) had its target price boosted by Mizuho from $13.00 to $15.00 in a research report released on Monday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.
Several other equities analysts have also weighed in on the stock. Citigroup reaffirmed a “buy” rating and set a $21.00 price objective (up from $17.00) on shares of Herbalife in a research report on Thursday, February 19th. Maxim Group began coverage on shares of Herbalife in a research report on Tuesday, January 6th. They issued a “buy” rating and a $20.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Herbalife in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Herbalife from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.75.
Get Our Latest Stock Report on HLF
Herbalife Price Performance
Shares of HLF stock opened at $14.45 on Monday. Herbalife has a fifty-two week low of $6.20 and a fifty-two week high of $20.40. The stock’s 50-day moving average is $16.56 and its two-hundred day moving average is $13.07. The firm has a market cap of $1.49 billion, a P/E ratio of 6.57, a PEG ratio of 0.88 and a beta of 0.95.
Herbalife (NYSE:HLF – Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Herbalife had a negative return on equity of 35.02% and a net margin of 4.53%.The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.36 earnings per share. As a group, research analysts expect that Herbalife will post 1.57 EPS for the current year.
Institutional Investors Weigh In On Herbalife
Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Herbalife in the fourth quarter valued at approximately $114,000. DGS Capital Management LLC boosted its holdings in shares of Herbalife by 99.4% during the 4th quarter. DGS Capital Management LLC now owns 79,577 shares of the company’s stock worth $1,026,000 after buying an additional 39,661 shares during the period. Virtu Financial LLC acquired a new position in Herbalife in the 4th quarter valued at $355,000. Mercer Global Advisors Inc. ADV acquired a new position in Herbalife in the 4th quarter valued at $152,000. Finally, Oxford Asset Management LLP bought a new position in Herbalife in the 4th quarter worth $302,000.
Herbalife Company Profile
Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.
Founded in 1980 by Mark R.