Herbalife Nutrition (NYSE:HLF) PT Raised to $11.00

Herbalife Nutrition (NYSE:HLF) had its price objective raised by equities research analysts at Royal Bank of Canada from $10.00 to $11.00 in a report released on Friday, Stock Target Advisor reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential downside of 75.69% from the company’s current price.

HLF has been the topic of a number of other reports. ValuEngine raised Herbalife Nutrition from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Zacks Investment Research raised Herbalife Nutrition from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Pivotal Research reissued a “buy” rating and set a $65.00 target price (down from $75.00) on shares of Herbalife Nutrition in a report on Friday, August 2nd. Pi Financial raised Herbalife Nutrition from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $8.75 to $12.75 in a report on Thursday, August 8th. Finally, Citigroup decreased their target price on Herbalife Nutrition from $66.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.39.

HLF stock opened at $45.24 on Friday. The firm has a market capitalization of $6.58 billion, a PE ratio of 15.71 and a beta of 0.47. Herbalife Nutrition has a 1-year low of $33.62 and a 1-year high of $61.77. The business’s 50 day simple moving average is $40.12 and its 200 day simple moving average is $41.59.

Herbalife Nutrition (NYSE:HLF) last posted its earnings results on Tuesday, October 29th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.21 billion. Herbalife Nutrition had a negative return on equity of 65.44% and a net margin of 6.26%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 EPS. As a group, research analysts predict that Herbalife Nutrition will post 2.66 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLF. Deccan Value Investors L.P. lifted its position in shares of Herbalife Nutrition by 60.5% during the 2nd quarter. Deccan Value Investors L.P. now owns 9,738,033 shares of the company’s stock valued at $416,398,000 after acquiring an additional 3,671,203 shares during the period. BlackRock Inc. lifted its position in shares of Herbalife Nutrition by 18.6% during the 2nd quarter. BlackRock Inc. now owns 6,687,299 shares of the company’s stock valued at $285,951,000 after acquiring an additional 1,048,235 shares during the period. APG Asset Management N.V. lifted its position in shares of Herbalife Nutrition by 14.4% during the 2nd quarter. APG Asset Management N.V. now owns 3,822,500 shares of the company’s stock valued at $143,528,000 after acquiring an additional 480,400 shares during the period. Bank of America Corp DE lifted its position in shares of Herbalife Nutrition by 13.0% during the 2nd quarter. Bank of America Corp DE now owns 2,814,007 shares of the company’s stock valued at $120,327,000 after acquiring an additional 323,899 shares during the period. Finally, Morgan Stanley lifted its position in shares of Herbalife Nutrition by 173.5% during the 2nd quarter. Morgan Stanley now owns 1,903,729 shares of the company’s stock valued at $81,403,000 after acquiring an additional 1,207,782 shares during the period. Institutional investors and hedge funds own 92.97% of the company’s stock.

Herbalife Nutrition Company Profile

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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