Herbalife (NYSE:HLF) Hits New 12-Month High on Analyst Upgrade

Herbalife Ltd (NYSE:HLFGet Free Report) hit a new 52-week high during trading on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $19.26 and last traded at $19.3940, with a volume of 57241 shares. The stock had previously closed at $16.54.

A number of other equities research analysts have also weighed in on the company. Maxim Group initiated coverage on Herbalife in a research report on Tuesday, January 6th. They issued a “buy” rating and a $20.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Herbalife in a research report on Thursday, January 22nd. Citigroup reaffirmed a “buy” rating and issued a $21.00 target price (up from $17.00) on shares of Herbalife in a research report on Thursday. Argus set a $15.00 price target on shares of Herbalife in a research report on Wednesday, November 26th. Finally, Mizuho set a $13.00 price objective on Herbalife and gave the company a “neutral” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Herbalife currently has an average rating of “Moderate Buy” and an average target price of $16.60.

Check Out Our Latest Research Report on Herbalife

Trending Headlines about Herbalife

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Hedge Funds Weigh In On Herbalife

Several institutional investors have recently made changes to their positions in HLF. AQR Capital Management LLC grew its position in shares of Herbalife by 236.8% during the 1st quarter. AQR Capital Management LLC now owns 133,245 shares of the company’s stock valued at $1,150,000 after acquiring an additional 93,686 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Herbalife by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,964 shares of the company’s stock worth $517,000 after buying an additional 2,523 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Herbalife by 12.9% during the 1st quarter. Empowered Funds LLC now owns 30,301 shares of the company’s stock valued at $261,000 after buying an additional 3,474 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Herbalife by 3.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,904 shares of the company’s stock valued at $1,820,000 after acquiring an additional 6,747 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Herbalife during the 2nd quarter worth approximately $103,000.

Herbalife Price Performance

The stock’s 50-day simple moving average is $15.60 and its two-hundred day simple moving average is $11.72. The firm has a market capitalization of $2.06 billion, a P/E ratio of 9.05 and a beta of 0.84.

Herbalife (NYSE:HLFGet Free Report) last issued its earnings results on Wednesday, February 18th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.24 billion. Herbalife had a negative return on equity of 35.02% and a net margin of 4.53%.The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 EPS. On average, analysts forecast that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.

Herbalife Company Profile

(Get Free Report)

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.

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