Herbalife Ltd. (NYSE:HLF) Receives $9.90 Average Price Target from Analysts

Shares of Herbalife Ltd. (NYSE:HLF) have received an average recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $9.90.

A number of brokerages have weighed in on HLF. DA Davidson decreased their target price on 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 Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Citigroup cut their price target on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Mizuho raised their target price on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, B. Riley lowered their price objective on Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st.

Herbalife Price Performance

NYSE:HLF opened at $7.96 on Friday. The company has a market cap of $802.29 million, a price-to-earnings ratio of 9.36, a PEG ratio of 0.28 and a beta of 1.17. Herbalife has a 1 year low of $6.59 and a 1 year high of $15.66. The stock’s 50 day simple moving average is $7.57 and its two-hundred day simple moving average is $8.99.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. As a group, analysts anticipate that Herbalife will post 1.51 EPS for the current year.

Institutional Investors Weigh In On Herbalife

A number of hedge funds have recently modified their holdings of HLF. Van ECK Associates Corp boosted its holdings in shares of Herbalife by 10.3% during the 2nd quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock worth $90,000 after purchasing an additional 808 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Herbalife by 22.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock worth $56,000 after acquiring an additional 1,035 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Herbalife by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 41,678 shares of the company’s stock worth $433,000 after acquiring an additional 1,399 shares during the period. SummerHaven Investment Management LLC boosted its position in shares of Herbalife by 2.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 58,409 shares of the company’s stock valued at $607,000 after acquiring an additional 1,465 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Herbalife by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 51,311 shares of the company’s stock worth $533,000 after purchasing an additional 1,660 shares during the period.

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.