Herbalife Nutrition Ltd (HLF) Receives $64.88 Consensus Target Price from Analysts

Shares of Herbalife Nutrition Ltd (NYSE:HLF) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $62.50.

Several equities research analysts recently weighed in on the stock. Argus cut shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine cut shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. BMO Capital Markets restated a “neutral” rating on shares of Herbalife Nutrition in a research report on Thursday, February 28th. Jefferies Financial Group restated a “buy” rating and issued a $65.00 price target on shares of Herbalife Nutrition in a research report on Tuesday, February 26th. Finally, Pivotal Research restated a “buy” rating and issued a $70.00 price target on shares of Herbalife Nutrition in a research report on Tuesday, February 19th.

Herbalife Nutrition stock opened at $53.15 on Friday. The company has a market cap of $8.08 billion, a PE ratio of 18.45, a P/E/G ratio of 1.05 and a beta of 0.32. Herbalife Nutrition has a 1 year low of $48.15 and a 1 year high of $61.77.

Herbalife Nutrition (NYSE:HLF) last released its quarterly earnings data on Tuesday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Herbalife Nutrition had a net margin of 6.06% and a negative return on equity of 67.86%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business posted $1.29 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, sell-side analysts expect that Herbalife Nutrition will post 2.9 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its stake in shares of Herbalife Nutrition by 6.5% during the third quarter. Wells Fargo & Company MN now owns 76,896 shares of the company’s stock valued at $4,195,000 after purchasing an additional 4,717 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Herbalife Nutrition by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 1,670,859 shares of the company’s stock valued at $91,145,000 after purchasing an additional 414,819 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Herbalife Nutrition by 35.5% during the third quarter. Bank of New York Mellon Corp now owns 596,122 shares of the company’s stock valued at $32,517,000 after purchasing an additional 156,181 shares during the period. BlackRock Inc. boosted its stake in shares of Herbalife Nutrition by 3.4% during the third quarter. BlackRock Inc. now owns 5,698,507 shares of the company’s stock valued at $310,854,000 after purchasing an additional 188,790 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Herbalife Nutrition during the third quarter valued at $1,150,000. 93.98% of the stock is owned by institutional investors.

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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