Research analysts at Caris & Company upped their target price on shares of Herbalife (NYSE: HLF) from $83.00 to $86.00 in a report released on Tuesday. The firm currently has a “buy” rating on the stock.
Shares of Herbalife opened at 56.30 on Tuesday. Herbalife has a 52 week low of $47.50 and a 52 week high of $73.00. The company has a market cap of $6.546 billion and a P/E ratio of 17.06.
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.
HLF has been the subject of a number of other recent research reports. Analysts at Auriga reiterated a “hold” rating on shares of Herbalife in a research note to investors on Monday. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Herbalife in a research note to investors on Tuesday, March 27th. Finally, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Herbalife in a research note to investors on Monday, March 26th.
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.