SunTrust Initiates Coverage on The Hain Celestial Group (HAIN)
Investment analysts at SunTrust (NYSE: STI) began coverage on shares of The Hain Celestial Group (NASDAQ: HAIN) in a note issued to investors on Friday. The firm set a “buy” rating and a $65.00 price target on the stock.
Shares of The Hain Celestial Group traded up 1.65% during mid-day trading on Friday, hitting $55.95. The Hain Celestial Group has a one year low of $26.10 and a one year high of $48.21. The company has a market cap of $2.502 billion and a P/E ratio of 36.55.
The Hain Celestial Group last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.04. The Hain Celestial Group’s revenue was up 31.6% compared to the same quarter last year. On average, analysts predict that The Hain Celestial Group will post $0.39 earnings per share next quarter.
HAIN has been the subject of a number of other recent research reports. Analysts at Sidoti initiated coverage on shares of The Hain Celestial Group in a research note to investors on Wednesday, May 23rd. They set a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of The Hain Celestial Group from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, May 10th. They now have a $55.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of The Hain Celestial Group in a research note to investors on Monday, May 7th.
The Hain Celestial Group, Inc. manufactures, markets, distributes and sells natural and organic products under brand names which are sold as better-for-you products.