Herbalife Ltd. (NYSE:HLF) Receives Consensus Recommendation of “Hold” from Analysts

Herbalife Ltd. (NYSE:HLF) has been assigned an average rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $9.90.

HLF has been the subject of several recent analyst reports. Citigroup reduced their price objective on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Mizuho upped their price target on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. DA Davidson lowered their price target on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, B. Riley lowered their price target on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st.

Institutional Investors Weigh In On Herbalife

A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its holdings in Herbalife by 8.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 410,827 shares of the company’s stock valued at $4,268,000 after purchasing an additional 31,137 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Herbalife by 10.3% during the 2nd quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock worth $90,000 after acquiring an additional 808 shares during the period. nVerses Capital LLC raised its holdings in Herbalife by 240.0% in the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock valued at $53,000 after buying an additional 3,600 shares during the period. Rhumbline Advisers grew its position in Herbalife by 1.3% in the second quarter. Rhumbline Advisers now owns 149,057 shares of the company’s stock valued at $1,549,000 after acquiring an additional 1,953 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of Herbalife by 47.0% during the second quarter. LSV Asset Management now owns 1,556,902 shares of the company’s stock worth $16,176,000 after buying an additional 497,919 shares in the last quarter.

Herbalife Price Performance

Shares of HLF opened at $6.72 on Tuesday. Herbalife has a 1-year low of $6.21 and a 1-year high of $15.43. The stock has a market cap of $677.32 million, a PE ratio of 7.91, a P/E/G ratio of 0.27 and a beta of 1.17. The firm has a 50-day simple moving average of $7.58 and a two-hundred day simple moving average of $8.55.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. As a group, sell-side analysts expect that Herbalife will post 1.51 earnings per share for the current fiscal year.

Herbalife Company Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.