Herbalife Ltd (NYSE:HLF) Receives $11.50 Consensus Price Target from Brokerages

Herbalife Ltd (NYSE:HLF) has earned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $11.50.

HLF has been the topic of a number of recent analyst reports. Mizuho increased their target price on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of Herbalife in a report on Saturday, September 27th. Finally, Wall Street Zen lowered Herbalife from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in Herbalife by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,642 shares of the company’s stock valued at $316,000 after purchasing an additional 1,217 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Herbalife by 3.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 50,300 shares of the company’s stock valued at $434,000 after purchasing an additional 1,524 shares in the last quarter. Avaii Wealth Management LLC lifted its holdings in Herbalife by 2.7% in the 2nd quarter. Avaii Wealth Management LLC now owns 62,480 shares of the company’s stock valued at $539,000 after purchasing an additional 1,644 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in Herbalife by 2.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 82,537 shares of the company’s stock valued at $711,000 after purchasing an additional 2,135 shares in the last quarter. Finally, Savant Capital LLC increased its stake in shares of Herbalife by 14.5% in the 2nd quarter. Savant Capital LLC now owns 17,385 shares of the company’s stock worth $150,000 after acquiring an additional 2,204 shares during the last quarter.

Herbalife Price Performance

Shares of NYSE:HLF opened at $8.67 on Friday. Herbalife has a 1 year low of $5.04 and a 1 year high of $10.83. The firm has a market capitalization of $894.34 million, a price-to-earnings ratio of 2.74, a price-to-earnings-growth ratio of 0.26 and a beta of 0.87. The business’s 50 day moving average price is $9.29 and its 200-day moving average price is $8.42.

Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Herbalife had a negative return on equity of 27.36% and a net margin of 6.59%.The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm posted $0.54 EPS. The business’s revenue was down 1.7% on a year-over-year basis. On average, sell-side analysts expect that Herbalife will post 1.57 earnings per share for the current 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.