Shares of Herbalife Nutrition Ltd (NYSE:HLF) have been given a consensus recommendation of “Buy” by the ten ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $59.42.

Several equities analysts recently commented on HLF shares. Jefferies Financial Group restated a “buy” rating and issued a $65.00 price target on shares of Herbalife Nutrition in a research note on Thursday, November 1st. Pivotal Research restated a “buy” rating and issued a $62.00 price target (down from $75.00) on shares of Herbalife Nutrition in a research note on Wednesday, October 31st. ValuEngine upgraded shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. Zacks Investment Research upgraded shares of Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Monday, October 15th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Herbalife Nutrition in a research note on Friday.

Shares of HLF stock traded up $0.66 on Thursday, hitting $54.99. The company’s stock had a trading volume of 36,820 shares, compared to its average volume of 1,198,954. Herbalife Nutrition has a fifty-two week low of $32.13 and a fifty-two week high of $60.41. The company has a market capitalization of $8.54 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.10 and a beta of 0.73.

Herbalife Nutrition (NYSE:HLF) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.07. Herbalife Nutrition had a net margin of 3.84% and a negative return on equity of 82.17%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company posted $0.41 earnings per share. Herbalife Nutrition’s revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts anticipate that Herbalife Nutrition will post 2.85 earnings per share for the current fiscal year.

In other Herbalife Nutrition news, COO David Pezzullo sold 33,070 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $55.64, for a total transaction of $1,840,014.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.19% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Harvest Fund Management Co. Ltd boosted its stake in shares of Herbalife Nutrition by 315.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,129 shares of the company’s stock valued at $116,000 after purchasing an additional 1,617 shares in the last quarter. First Hawaiian Bank bought a new position in Herbalife Nutrition in the 3rd quarter valued at approximately $139,000. Point72 Hong Kong Ltd raised its holdings in Herbalife Nutrition by 1,979.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,890 shares of the company’s stock valued at $155,000 after buying an additional 2,751 shares during the last quarter. Whittier Trust Co. raised its holdings in Herbalife Nutrition by 100.0% in the 2nd quarter. Whittier Trust Co. now owns 2,900 shares of the company’s stock valued at $156,000 after buying an additional 1,450 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Herbalife Nutrition by 115.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,259 shares of the company’s stock valued at $176,000 after buying an additional 1,744 shares during the last quarter. Hedge funds and other institutional investors own 89.76% 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.

Read More: Hedge Funds – Risk or Reward?

Analyst Recommendations for Herbalife Nutrition (NYSE:HLF)

Receive News & Ratings for Herbalife Nutrition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herbalife Nutrition and related companies with MarketBeat.com's FREE daily email newsletter.