Mizuho Issues Positive Forecast for Herbalife (NYSE:HLF) Stock Price

Herbalife (NYSE:HLF) had its price target lifted by Mizuho from $13.00 to $15.00 in a report released on Monday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

HLF has been the topic of several other reports. Citigroup reissued a “buy” rating and issued a $21.00 price objective (up from $17.00) on shares of Herbalife in a research note on Thursday, February 19th. Zacks Research upgraded shares of Herbalife from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 19th. Maxim Group began coverage on Herbalife in a report on Tuesday, January 6th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Herbalife in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Herbalife has a consensus rating of “Moderate Buy” and an average price target of $17.75.

Herbalife Stock Performance

Shares of HLF opened at $14.41 on Monday. Herbalife has a fifty-two week low of $6.20 and a fifty-two week high of $20.40. The firm has a 50-day simple moving average of $16.66 and a 200-day simple moving average of $13.03. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 6.55, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). Herbalife had a net margin of 4.53% and a negative return on equity of 35.02%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company earned $0.36 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast that Herbalife will post 1.57 EPS for the current year.

Hedge Funds Weigh In On Herbalife

Hedge funds have recently bought and sold shares of the stock. Fund 1 Investments LLC purchased a new position in Herbalife in the 2nd quarter valued at about $8,491,000. Optimize Financial Inc acquired a new position in shares of Herbalife in the third quarter valued at approximately $511,000. Iridian Asset Management LLC CT lifted its stake in shares of Herbalife by 9.9% during the third quarter. Iridian Asset Management LLC CT now owns 2,449,155 shares of the company’s stock valued at $20,671,000 after buying an additional 220,896 shares during the period. CenterBook Partners LP acquired a new stake in Herbalife during the third quarter worth approximately $368,000. Finally, GSA Capital Partners LLP purchased a new stake in Herbalife in the 3rd quarter worth approximately $911,000.

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.