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

Herbalife Ltd. (NYSE:HLF) has earned a consensus rating of “Hold” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $9.90.

Several analysts recently weighed in on HLF shares. B. Riley decreased 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 price target on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a research report on Thursday, October 31st. StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Citigroup dropped their target price on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Mizuho boosted their price target on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st.

Hedge Funds Weigh In On Herbalife

Large investors have recently made changes to their positions in the business. R Squared Ltd purchased a new position in Herbalife during the 4th quarter worth $63,000. Van ECK Associates Corp increased its holdings in shares of Herbalife by 110.4% during the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock valued at $70,000 after acquiring an additional 5,524 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of Herbalife in the 3rd quarter valued at approximately $78,000. Range Financial Group LLC acquired a new stake in Herbalife in the 4th quarter worth approximately $124,000. Finally, SG Americas Securities LLC grew its position in Herbalife by 83.5% during the 4th quarter. SG Americas Securities LLC now owns 18,884 shares of the company’s stock worth $126,000 after purchasing an additional 8,591 shares during the last quarter.

Herbalife Price Performance

Shares of HLF stock opened at $5.45 on Friday. The company has a market capitalization of $548.81 million, a P/E ratio of 6.41, a P/E/G ratio of 0.19 and a beta of 1.18. The company’s 50-day simple moving average is $6.93 and its two-hundred day simple moving average is $7.83. Herbalife has a one year low of $5.41 and a one year high of $12.81.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.19 by $0.38. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. On average, research analysts expect that Herbalife will post 1.51 EPS for the current fiscal year.

About Herbalife

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.