Auriga Reiterates Hold on Herbalife (HLF)
Shares of Herbalife traded down 19.61% during mid-day trading on Monday, hitting $56.53. Herbalife has a 52 week low of $47.50 and a 52 week high of $73.00. The company has a market cap of $6.573 billion and a P/E ratio of 21.31.
The company last announced its quarterly results on Monday, April 30th. It reported $0.88 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.81 EPS 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 $0.96 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Herbalife in a research note to investors on Tuesday, March 27th. Separately, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Herbalife in a research note to investors on Monday, March 26th. Finally, analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of Herbalife in a research note to investors on Friday, March 9th. They set an “overweight” rating and a $89.00 price target on the stock.
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.