Shares of Herbalife Nutrition Ltd (NYSE:HLF) have been assigned an average rating of “Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $41.95.

Several analysts have commented on the stock. Pi Financial raised shares of 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 research report on Thursday, August 8th. Pivotal Research reissued a “buy” rating and issued a $65.00 target price (down from $75.00) on shares of Herbalife Nutrition in a research report on Friday, August 2nd. Citigroup decreased their target price on shares of Herbalife Nutrition from $66.00 to $57.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. ValuEngine raised shares of Herbalife Nutrition from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $10.00 price objective on shares of Herbalife Nutrition in a report on Thursday, August 8th.

HLF stock traded up $1.36 during trading hours on Friday, hitting $36.48. The company’s stock had a trading volume of 1,090,100 shares, compared to its average volume of 2,068,940. The company has a market capitalization of $5.45 billion, a PE ratio of 12.67 and a beta of 0.43. Herbalife Nutrition has a 12 month low of $35.09 and a 12 month high of $61.77. The stock has a 50 day moving average price of $40.41 and a two-hundred day moving average price of $48.50.

Herbalife Nutrition (NYSE:HLF) last posted its earnings results on Thursday, August 1st. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.05). The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.30 billion. Herbalife Nutrition had a negative return on equity of 58.68% and a net margin of 6.05%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, analysts predict that Herbalife Nutrition will post 2.61 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its holdings in shares of Herbalife Nutrition by 452.0% during the 1st quarter. Quadrant Capital Group LLC now owns 541 shares of the company’s stock worth $28,000 after buying an additional 443 shares during the period. Doyle Wealth Management bought a new stake in shares of Herbalife Nutrition during the 2nd quarter worth $37,000. SG Americas Securities LLC boosted its holdings in shares of Herbalife Nutrition by 16.7% during the 2nd quarter. SG Americas Securities LLC now owns 3,010 shares of the company’s stock worth $129,000 after buying an additional 430 shares during the period. World Asset Management Inc bought a new stake in shares of Herbalife Nutrition during the 1st quarter worth $204,000. Finally, First Republic Investment Management Inc. boosted its holdings in shares of Herbalife Nutrition by 8.3% during the 1st quarter. First Republic Investment Management Inc. now owns 4,851 shares of the company’s stock worth $257,000 after buying an additional 373 shares during the period. 95.06% of the stock is owned by institutional investors and hedge funds.

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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