Herbalife Ltd. (NYSE:HLF) Receives $9.90 Average Price Target from Brokerages

Herbalife Ltd. (NYSE:HLF) has earned a consensus rating of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $9.90.

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

Herbalife Trading Down 1.2 %

Shares of Herbalife stock opened at $7.84 on Friday. The company’s 50-day moving average price is $7.60 and its 200-day moving average price is $8.95. The company has a market cap of $789.71 million, a price-to-earnings ratio of 9.22, a PEG ratio of 0.28 and a beta of 1.17. Herbalife has a 12-month low of $6.59 and a 12-month high of $15.66.

Herbalife (NYSE:HLF) last posted its earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.38. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. On average, sell-side analysts predict that Herbalife will post 1.51 earnings per share for the current year.

Hedge Funds Weigh In On Herbalife

Several institutional investors and hedge funds have recently made changes to their positions in HLF. GAMMA Investing LLC raised its holdings in Herbalife by 465.3% during the 2nd quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock valued at $37,000 after buying an additional 2,908 shares during the last quarter. nVerses Capital LLC raised its position in Herbalife by 240.0% during the 2nd quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock valued at $53,000 after purchasing an additional 3,600 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Herbalife by 22.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock worth $56,000 after buying an additional 1,035 shares during the period. Van ECK Associates Corp grew its position in shares of Herbalife by 10.3% in the 2nd quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock worth $90,000 after buying an additional 808 shares during the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new position in shares of Herbalife during the third quarter valued at approximately $78,000.

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.