Herbalife Ltd (NYSE:HLF) Receives $15.80 Consensus Price Target from Brokerages

Shares of Herbalife Ltd (NYSE:HLF) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $15.80.

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Herbalife in a research report on Thursday, January 22nd. Citigroup reaffirmed a “buy” rating and set a $17.00 price objective (up previously from $11.00) on shares of Herbalife in a research report on Friday, December 12th. Maxim Group started coverage on Herbalife in a research note on Tuesday, January 6th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Mizuho set a $13.00 price objective on Herbalife and gave the stock a “neutral” rating in a report on Thursday, January 8th.

Herbalife Stock Performance

HLF opened at $16.50 on Monday. The stock has a market capitalization of $1.70 billion, a PE ratio of 5.27 and a beta of 0.84. The company’s 50 day simple moving average is $15.02 and its 200 day simple moving average is $11.36. Herbalife has a 1 year low of $5.04 and a 1 year high of $17.93.

Insider Activity

In other Herbalife news, Director Lynda Cloud purchased 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of $8.97 per share, for a total transaction of $152,490.00. Following the transaction, the director directly owned 38,857 shares in the company, valued at approximately $348,547.29. The trade was a 77.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders have purchased a total of 18,200 shares of company stock valued at $167,938 in the last three months. Insiders own 1.73% of the company’s stock.

Institutional Trading of Herbalife

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLF. FNY Investment Advisers LLC acquired a new stake in shares of Herbalife during the second quarter worth about $29,000. Aster Capital Management DIFC Ltd acquired a new stake in Herbalife during the 3rd quarter worth approximately $35,000. GAMMA Investing LLC lifted its stake in Herbalife by 115.6% in the third quarter. GAMMA Investing LLC now owns 7,024 shares of the company’s stock valued at $59,000 after buying an additional 3,766 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Herbalife in the third quarter valued at approximately $65,000. Finally, Quarry LP boosted its holdings in shares of Herbalife by 49,105.3% in the third quarter. Quarry LP now owns 9,349 shares of the company’s stock valued at $79,000 after buying an additional 9,330 shares during the period.

About Herbalife

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.