Auriga Upgrades Herbalife to Buy (HLF)
Herbalife (NYSE: HLF) was upgraded by research analysts at Auriga from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm currently has a $68.00 target price on the stock, up from their previous target price of $66.00.
Shares of Herbalife opened at 52.70 on Wednesday. Herbalife has a one year low of $47.50 and a one year high of $73.00. The company has a market cap of $6.128 billion and a P/E ratio of 15.97.
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 $0.97 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Bank of America (NYSE: BAC) reiterated a “buy” rating on shares of Herbalife in a research note to investors on Tuesday. Separately, analysts at DA Davidson reiterated a “buy” rating on shares of Herbalife in a research note to investors on Tuesday. Finally, analysts at Caris & Company raised their price target on shares of Herbalife from $83.00 to $86.00 in a research note to investors on Tuesday. They now have a “buy” rating 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.