Herbalife Earns Buy Rating from Analysts at BTIG Research (HLF)

BTIG Research started coverage on shares of Herbalife (NYSE:HLF) in a research note released on Wednesday morning. The firm issued a buy rating and a $55.00 target price on the stock.

In other Herbalife news, President Des Walsh bought 5,000 shares of Herbalife stock on the open market in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average price of $37.73 per share, for a total transaction of $188,650.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Herbalife from a neutral rating to an underperform rating in a research note on Thursday, November 6th. They now have a $33.10 price target on the stock. Separately, analysts at Pivotal Research cut their price target on shares of Herbalife from $110.00 to $75.00 in a research note on Tuesday, November 4th. Finally, analysts at SunTrust downgraded shares of Herbalife from a buy rating to a neutral rating in a research note on Tuesday, November 4th. They now have a $55.00 price target on the stock, down previously from $75.00. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $72.23.

Shares of Herbalife (NYSE:HLF) traded up 2.67% on Wednesday, hitting $41.005. 769,532 shares of the company’s stock traded hands. Herbalife has a 52-week low of $36.97 and a 52-week high of $83.51. The stock has a 50-day moving average of $44.89 and a 200-day moving average of $54.02. The company has a market cap of $3.764 billion and a price-to-earnings ratio of 11.66.

Herbalife (NYSE:HLF) last released its earnings data on Friday, November 7th. The company reported $1.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.51 by $0.06. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts expect that Herbalife will post $5.93 EPS for the current fiscal year.

Herbalife Ltd. is a global nutrition company. The Company sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products as well as personal care products.

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