Auriga Reaffirms Buy Rating on Herbalife (HLF)
Shares of Herbalife opened at 44.58 on Thursday. Herbalife has a 52 week low of $42.15 and a 52 week high of $73.00. The company has a market cap of $5.209 billion and a P/E ratio of 12.81.
Herbalife last announced its earnings results on Monday, April 30th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.07. The company’s quarterly revenue was up 21.3% on a year-over-year basis. On average, analysts predict that Herbalife will post $0.98 earnings per share next quarter.
A number of other analysts have also recently weighed in on HLF. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Herbalife in a research note to investors on Thursday. Separately, analysts at Caris & Company upgraded shares of Herbalife from an “average” rating to a “buy” rating in a research note to investors on Thursday. They now have a $86.00 price target on the stock, up previously from $39.00. Finally, analysts at DA Davidson cut their price target on shares of Herbalife from $90.00 to $72.00 in a research note to investors on Friday, May 11st.
Herbalife Ltd. is a global network marketing company that sells weight management, nutritional supplements, energy, sports and fitness products and personal care products through a network of approximately 2.