Nature’s Sunshine Products (NASDAQ:NATR) Now Covered by Canaccord Genuity Group

Research analysts at Canaccord Genuity Group assumed coverage on shares of Nature’s Sunshine Products (NASDAQ:NATR) in a note issued to investors on Friday, MarketBeat reports. The firm set a “buy” rating and a $18.00 price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 28.02% from the stock’s previous close.

NATR has been the subject of a number of other reports. DA Davidson reduced their price objective on shares of Nature’s Sunshine Products from $23.00 to $21.00 and set a “buy” rating for the company in a report on Monday, August 12th. StockNews.com upgraded shares of Nature’s Sunshine Products from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 10th.

Nature’s Sunshine Products Stock Up 6.1 %

Nature’s Sunshine Products stock opened at $14.06 on Friday. The business has a 50 day moving average price of $14.43 and a two-hundred day moving average price of $16.37. Nature’s Sunshine Products has a 12 month low of $10.81 and a 12 month high of $21.72. The stock has a market cap of $260.25 million, a price-to-earnings ratio of 16.54 and a beta of 0.87.

Nature’s Sunshine Products (NASDAQ:NATR) last issued its earnings results on Thursday, August 8th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.18). The firm had revenue of $110.55 million during the quarter. Nature’s Sunshine Products had a net margin of 3.50% and a return on equity of 9.79%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Paradigm Capital Management Inc. NY boosted its stake in shares of Nature’s Sunshine Products by 26.8% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 695,079 shares of the company’s stock valued at $10,475,000 after purchasing an additional 146,879 shares in the last quarter. XTX Topco Ltd acquired a new position in Nature’s Sunshine Products in the second quarter valued at about $180,000. Renaissance Technologies LLC grew its stake in Nature’s Sunshine Products by 1.9% during the second quarter. Renaissance Technologies LLC now owns 559,797 shares of the company’s stock worth $8,436,000 after buying an additional 10,700 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Nature’s Sunshine Products by 4.7% during the second quarter. Dimensional Fund Advisors LP now owns 786,966 shares of the company’s stock worth $11,860,000 after buying an additional 34,996 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Nature’s Sunshine Products by 25.7% during the second quarter. American Century Companies Inc. now owns 260,479 shares of the company’s stock worth $3,925,000 after buying an additional 53,221 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

About Nature’s Sunshine Products

Nature's Sunshine Products, Inc, a natural health and wellness company, manufactures and sells nutritional and personal care products in Asia, Europe, North America, Latin America, and internationally. It offers general health products related to blood sugar support, bone health, cellular health, cognitive function, joint health, mood, sexual health, sleep, sports and energy, and vision.