Herbalife Nutrition (HLF) Downgraded by Argus April 13th, 2019 - Comments Off on Herbalife Nutrition (HLF) Downgraded by Argus - Filed Under - by Trevor Kearing Tweet
Argus cut shares of Herbalife Nutrition (NYSE:HLF) from a buy rating to a hold rating in a report issued on Wednesday, Briefing.com Automated Import reports.
A number of other research firms have also issued reports on HLF. Pivotal Research reiterated a buy rating and issued a $70.00 target price on shares of Herbalife Nutrition in a research note on Tuesday, February 19th. Zacks Investment Research lowered shares of Herbalife Nutrition from a strong-buy rating to a hold rating in a research note on Tuesday, December 11th. Jefferies Financial Group reiterated a buy rating and issued a $65.00 target price on shares of Herbalife Nutrition in a research note on Tuesday, February 26th. BMO Capital Markets reiterated a neutral rating on shares of Herbalife Nutrition in a research note on Thursday, February 28th. Finally, ValuEngine lowered shares of Herbalife Nutrition from a buy rating to a hold rating in a research note on Monday, April 1st. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Herbalife Nutrition currently has an average rating of Hold and an average target price of $64.50. Get Herbalife Nutrition alerts:
Shares of HLF opened at $52.69 on Wednesday. Herbalife Nutrition has a 12 month low of $48.15 and a 12 month high of $61.77. The firm has a market cap of $8.08 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32. Herbalife Nutrition (NYSE:HLF) last posted its earnings results on Tuesday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Herbalife Nutrition had a net margin of 6.06% and a negative return on equity of 67.86%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the business posted $1.29 EPS. Herbalife Nutrition’s revenue was up 8.5% compared to the same quarter last year. Research analysts forecast that Herbalife Nutrition will post 2.9 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Morgan Stanley grew its position in Herbalife Nutrition by 6.1% in the 3rd quarter. Morgan Stanley now owns 1,716,881 shares of the company’s stock worth $93,655,000 after purchasing an additional 98,129 shares during the last quarter. Mackenzie Financial Corp grew its position in Herbalife Nutrition by 175.5% in the 4th quarter. Mackenzie Financial Corp now owns 11,209 shares of the company’s stock worth $661,000 after purchasing an additional 7,140 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Herbalife Nutrition in the 3rd quarter worth $1,150,000. Vanguard Group Inc. grew its position in Herbalife Nutrition by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 10,058,515 shares of the company’s stock worth $548,692,000 after purchasing an additional 103,973 shares during the last quarter. Finally, Stone Ridge Asset Management LLC grew its position in Herbalife Nutrition by 34.9% in the 4th quarter. Stone Ridge Asset Management LLC now owns 42,680 shares of the company’s stock worth $2,516,000 after purchasing an additional 11,034 shares during the last quarter. Institutional investors and hedge funds own 93.98% of the company’s stock.
Herbalife Nutrition Company Profile
Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition. Receive News & Ratings for Herbalife Nutrition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herbalife Nutrition and related companies with MarketBeat.com's FREE daily email newsletter . Latest News
