Zacks Investment Research downgraded shares of Herbalife LTD. (NYSE:HLF) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

According to Zacks, “Herbalife is a global network marketing company offering a range of science-based weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle. “

HLF has been the subject of several other reports. Pivotal Research restated a buy rating and issued a $120.00 price target on shares of Herbalife LTD. in a research note on Tuesday, October 3rd. Citigroup Inc. restated a hold rating and issued a $73.00 price target (up from $71.00) on shares of Herbalife LTD. in a research note on Tuesday, October 3rd. ValuEngine upgraded Herbalife LTD. from a hold rating to a buy rating in a research note on Friday, September 1st. Tigress Financial restated a buy rating on shares of Herbalife LTD. in a research note on Monday, August 21st. Finally, BidaskClub upgraded Herbalife LTD. from a sell rating to a hold rating in a research note on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $83.25.

Shares of Herbalife LTD. (HLF) opened at 75.25 on Wednesday. The company has a market capitalization of $6.79 billion, a PE ratio of 15.82 and a beta of 1.23. The stock has a 50 day moving average price of $68.39 and a 200 day moving average price of $67.28. Herbalife LTD. has a 52-week low of $47.62 and a 52-week high of $75.75.

Herbalife LTD. (NYSE:HLF) last issued its earnings results on Tuesday, August 1st. The company reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.41. Herbalife LTD. had a return on equity of 216.82% and a net margin of 9.28%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $1.29 EPS. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, analysts predict that Herbalife LTD. will post $4.71 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLF. BlackRock Inc. boosted its stake in Herbalife LTD. by 19,647.9% in the 1st quarter. BlackRock Inc. now owns 3,149,983 shares of the company’s stock valued at $183,139,000 after purchasing an additional 3,134,032 shares during the period. FMR LLC boosted its stake in Herbalife LTD. by 9.1% in the 2nd quarter. FMR LLC now owns 8,025,946 shares of the company’s stock valued at $572,490,000 after purchasing an additional 667,474 shares during the period. First Trust Advisors LP boosted its stake in Herbalife LTD. by 468.2% in the 2nd quarter. First Trust Advisors LP now owns 172,027 shares of the company’s stock valued at $12,271,000 after purchasing an additional 141,752 shares during the period. UBS Oconnor LLC boosted its stake in Herbalife LTD. by 15.0% in the 2nd quarter. UBS Oconnor LLC now owns 1,062,200 shares of the company’s stock valued at $75,767,000 after purchasing an additional 138,428 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new stake in Herbalife LTD. in the 2nd quarter valued at $6,032,000.

Herbalife LTD. Company Profile

Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.

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