Brokerages Set Herbalife Ltd. (NYSE:HLF) PT at $9.90

Herbalife Ltd. (NYSE:HLF) has been given an average rating of “Hold” by the five research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $9.90.

Several equities analysts have weighed in on HLF shares. StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a report on Monday, November 4th. DA Davidson cut their price objective on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Citigroup decreased their target price on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 25th. B. Riley dropped their price target on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Mizuho boosted their price objective on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st.

Herbalife Price Performance

HLF opened at $6.68 on Tuesday. The company has a market capitalization of $673.28 million, a PE ratio of 7.86, a price-to-earnings-growth ratio of 0.26 and a beta of 1.17. Herbalife has a fifty-two week low of $6.21 and a fifty-two week high of $15.05. The business has a 50-day moving average of $7.57 and a 200-day moving average of $8.49.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.38. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. On average, equities research analysts expect that Herbalife will post 1.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Herbalife

Several large investors have recently bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in shares of Herbalife by 10.3% during the 2nd quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock worth $90,000 after purchasing an additional 808 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Herbalife by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 41,678 shares of the company’s stock worth $433,000 after purchasing an additional 1,399 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Herbalife by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 51,311 shares of the company’s stock worth $533,000 after buying an additional 1,660 shares in the last quarter. Rhumbline Advisers increased its holdings in Herbalife by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 149,057 shares of the company’s stock valued at $1,549,000 after buying an additional 1,953 shares during the period. Finally, Cinctive Capital Management LP raised its stake in shares of Herbalife by 3.6% in the 3rd quarter. Cinctive Capital Management LP now owns 92,138 shares of the company’s stock valued at $662,000 after buying an additional 3,170 shares in the last quarter.

About Herbalife

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.