The Hain Celestial Group (NASDAQ:HAIN) Price Target Lowered to $6.00 at Evercore ISI

The Hain Celestial Group (NASDAQ:HAIN) had its price objective reduced by analysts at Evercore ISI from $9.00 to $6.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective points to a potential upside of 35.14% from the company’s current price.

Several other equities analysts have also commented on HAIN. JPMorgan Chase & Co. dropped their price target on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Barclays dropped their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday. Mizuho dropped their price target on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday. Stifel Nicolaus dropped their price target on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, DA Davidson dropped their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, The Hain Celestial Group currently has a consensus rating of “Hold” and an average target price of $6.56.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $4.44 on Wednesday. The firm has a 50 day simple moving average of $5.85 and a 200-day simple moving average of $7.22. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The firm has a market cap of $400.44 million, a PE ratio of -4.72 and a beta of 0.74. The Hain Celestial Group has a 1-year low of $3.28 and a 1-year high of $10.07.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. On average, equities analysts expect that The Hain Celestial Group will post 0.43 EPS for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

Several institutional investors have recently bought and sold shares of HAIN. Allworth Financial LP grew its stake in The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after buying an additional 2,423 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in The Hain Celestial Group by 225.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after buying an additional 3,432 shares during the period. Van ECK Associates Corp boosted its stake in shares of The Hain Celestial Group by 49.0% in the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after purchasing an additional 3,554 shares during the period. Virtu Financial LLC purchased a new position in shares of The Hain Celestial Group in the fourth quarter valued at $73,000. Finally, Grace & White Inc. NY purchased a new position in shares of The Hain Celestial Group in the fourth quarter valued at $86,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.