Herbalife Nutrition Ltd (NYSE:HLF) Receives $52.50 Average Target Price from Analysts

Shares of Herbalife Nutrition Ltd (NYSE:HLF) have received an average rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $52.50.

A number of research analysts recently issued reports on the company. ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a report on Friday, June 21st. Argus cut Herbalife Nutrition from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. BMO Capital Markets lifted their price target on PACCAR to $70.00 and gave the company a “market perform” rating in a report on Friday, May 17th. Finally, Citigroup set a $47.00 price target on Quanta Services and gave the company a “buy” rating in a report on Friday, May 3rd.

Shares of Herbalife Nutrition stock traded down $1.03 during trading on Tuesday, reaching $40.97. The company’s stock had a trading volume of 2,148,351 shares, compared to its average volume of 2,243,199. The stock has a 50-day moving average of $42.67. Herbalife Nutrition has a one year low of $39.47 and a one year high of $61.77. The firm has a market capitalization of $6.19 billion, a PE ratio of 14.23 and a beta of 0.50.

Herbalife Nutrition (NYSE:HLF) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.01). Herbalife Nutrition had a net margin of 6.36% and a negative return on equity of 56.65%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year. Equities analysts anticipate that Herbalife Nutrition will post 2.9 earnings per share for the current fiscal year.

In related news, SVP Edi Hienrich sold 738 shares of Herbalife Nutrition stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $47.62, for a total value of $35,143.56. Following the completion of the sale, the senior vice president now directly owns 22,246 shares in the company, valued at $1,059,354.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.31% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Quantamental Technologies LLC acquired a new stake in Herbalife Nutrition in the first quarter worth about $1,011,000. Stone Ridge Asset Management LLC grew its position in shares of Herbalife Nutrition by 34.9% during the 4th quarter. Stone Ridge Asset Management LLC now owns 42,680 shares of the company’s stock worth $2,516,000 after buying an additional 11,034 shares during the period. PGGM Investments acquired a new position in shares of Herbalife Nutrition during the 1st quarter worth about $6,100,000. Redwood Investment Management LLC grew its position in shares of Herbalife Nutrition by 473.4% during the 1st quarter. Redwood Investment Management LLC now owns 70,339 shares of the company’s stock worth $3,727,000 after buying an additional 58,071 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Herbalife Nutrition by 4.5% during the 1st quarter. Janus Henderson Group PLC now owns 390,626 shares of the company’s stock worth $20,699,000 after buying an additional 16,826 shares during the period. Hedge funds and other institutional investors own 95.43% 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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