Herbalife (NYSE:HLF) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Herbalife (NYSE:HLFFree Report) from a hold rating to a buy rating in a research note published on Monday.

Several other analysts have also weighed in on HLF. Mizuho upped their target price on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 1st. DA Davidson dropped their target price on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a report on Thursday, October 31st. Citigroup cut their price objective on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, B. Riley cut their target price on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Herbalife currently has an average rating of “Hold” and an average target price of $10.42.

Check Out Our Latest Analysis on HLF

Herbalife Stock Down 1.1 %

Shares of Herbalife stock opened at $8.37 on Monday. Herbalife has a 52-week low of $6.59 and a 52-week high of $15.66. The company’s 50-day simple moving average is $7.30 and its 200-day simple moving average is $9.28. The firm has a market cap of $843.63 million, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 0.29 and a beta of 1.17.

Herbalife (NYSE:HLFGet Free Report) last issued its earnings results 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 net margin of 1.73% and a negative return on equity of 18.66%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Equities research analysts anticipate that Herbalife will post 1.51 EPS for the current year.

Insider Transactions at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza purchased 10,000 shares of Herbalife stock in a transaction on Monday, August 26th. The shares were purchased at an average cost of $8.72 per share, with a total value of $87,200.00. Following the completion of the transaction, the director now directly owns 110,000 shares in the company, valued at approximately $959,200. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders bought 22,500 shares of company stock worth $178,250. 0.94% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of Herbalife by 465.3% during the second quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock worth $37,000 after acquiring an additional 2,908 shares during the last quarter. nVerses Capital LLC raised its position in shares of Herbalife by 240.0% during the 2nd quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock worth $53,000 after purchasing an additional 3,600 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Herbalife by 22.9% in the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock valued at $56,000 after buying an additional 1,035 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in Herbalife during the 3rd quarter valued at about $78,000. Finally, Van ECK Associates Corp grew its holdings in 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 in the last quarter.

About Herbalife

(Get Free Report)

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.

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Analyst Recommendations for Herbalife (NYSE:HLF)

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