Herbalife LTD. (HLF) Earns “Hold” Rating from SunTrust Banks, Inc.
Herbalife LTD. (NYSE:HLF)‘s stock had its “hold” rating restated by analysts at SunTrust Banks, Inc. in a research note issued to investors on Friday. They presently have a $67.00 price objective on the stock. SunTrust Banks, Inc.’s price objective indicates a potential upside of 2.31% from the stock’s current price.
A number of other research analysts also recently issued reports on HLF. Pivotal Research reiterated a “buy” rating and issued a $120.00 price target on shares of Herbalife LTD. in a report on Tuesday, October 3rd. Tigress Financial reiterated a “buy” rating on shares of Herbalife LTD. in a report on Wednesday, August 9th. BidaskClub upgraded Herbalife LTD. from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded Herbalife LTD. from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Thursday, August 3rd. Finally, ValuEngine raised Herbalife LTD. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $83.25.
Shares of Herbalife LTD. (NYSE:HLF) traded up $0.13 during trading hours on Friday, hitting $65.49. The stock had a trading volume of 618,900 shares, compared to its average volume of 1,254,126. Herbalife LTD. has a twelve month low of $47.62 and a twelve month high of $79.64. The stock has a market cap of $5,699.21, a P/E ratio of 14.30 and a beta of 1.32. The company has a debt-to-equity ratio of 9.94, a current ratio of 2.65 and a quick ratio of 2.24.
Herbalife LTD. (NYSE:HLF) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.82. Herbalife LTD. had a return on equity of 176.64% and a net margin of 8.60%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $1.21 EPS. The business’s revenue was down 3.3% compared to the same quarter last year. sell-side analysts forecast that Herbalife LTD. will post 4.55 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Pacad Investment Ltd. acquired a new stake in shares of Herbalife LTD. in the 2nd quarter worth $1,283,000. FMR LLC boosted its position in shares of Herbalife LTD. by 9.1% in the 2nd quarter. FMR LLC now owns 8,025,946 shares of the company’s stock worth $572,490,000 after purchasing an additional 667,474 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in shares of Herbalife LTD. in the 2nd quarter worth $4,924,000. William Blair Investment Management LLC boosted its position in shares of Herbalife LTD. by 10.8% in the 2nd quarter. William Blair Investment Management LLC now owns 214,322 shares of the company’s stock worth $15,288,000 after purchasing an additional 20,903 shares in the last quarter. Finally, BlueCrest Capital Management Ltd boosted its position in shares of Herbalife LTD. by 445.6% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 18,860 shares of the company’s stock worth $1,345,000 after purchasing an additional 15,403 shares in the last quarter.
About Herbalife LTD.
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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