Herbalife Ltd (NYSE:HLF) Receives $16.60 Consensus Price Target from Brokerages

Shares of Herbalife Ltd (NYSE:HLF) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $16.60.

HLF has been the topic of a number of research reports. Wall Street Zen upgraded Herbalife from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Mizuho set a $13.00 price objective on Herbalife and gave the company a “neutral” rating in a research report on Thursday, January 8th. Argus set a $15.00 target price on Herbalife in a report on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of Herbalife in a research note on Thursday, January 22nd. Finally, Zacks Research raised shares of Herbalife from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th.

Institutional Trading of Herbalife

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of Herbalife during the 4th quarter worth $32,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Herbalife in the 3rd quarter worth $35,000. GAMMA Investing LLC increased its stake in shares of Herbalife by 115.6% in the 3rd quarter. GAMMA Investing LLC now owns 7,024 shares of the company’s stock worth $59,000 after purchasing an additional 3,766 shares in the last quarter. Advisory Services Network LLC bought a new position in Herbalife in the 3rd quarter worth $65,000. Finally, Quarry LP lifted its position in Herbalife by 49,105.3% during the third quarter. Quarry LP now owns 9,349 shares of the company’s stock valued at $79,000 after purchasing an additional 9,330 shares in the last quarter.

Herbalife Stock Down 4.4%

Shares of HLF stock opened at $15.46 on Friday. The company has a 50 day moving average price of $16.45 and a 200-day moving average price of $12.39. Herbalife has a 52 week low of $6.20 and a 52 week high of $20.40. The firm has a market capitalization of $1.60 billion, a PE ratio of 7.03, a P/E/G ratio of 0.92 and a beta of 0.83.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.24 billion. During the same quarter last year, the company earned $0.36 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Analysts anticipate that Herbalife will post 1.57 earnings per share for the current year.

Herbalife Company Profile

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.