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

Shares of Herbalife Ltd. (NYSE:HLF) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $9.90.

Several analysts recently commented on the stock. StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Citigroup cut their price objective on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. DA Davidson cut their price objective on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Mizuho raised their price target on shares of Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, 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 report on Thursday, October 31st.

Herbalife Price Performance

NYSE:HLF opened at $5.78 on Friday. Herbalife has a 1-year low of $5.68 and a 1-year high of $12.81. The firm’s 50-day moving average price is $7.04 and its 200-day moving average price is $7.89. The company has a market capitalization of $582.06 million, a PE ratio of 6.79, a P/E/G ratio of 0.22 and a beta of 1.18.

Herbalife (NYSE:HLF) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. Equities analysts anticipate that Herbalife will post 1.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Herbalife

Several large investors have recently added to or reduced their stakes in HLF. R Squared Ltd bought a new position in shares of Herbalife in the fourth quarter worth approximately $63,000. Van ECK Associates Corp boosted its position in shares of Herbalife by 110.4% in the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock worth $70,000 after purchasing an additional 5,524 shares during the period. Carolina Wealth Advisors LLC bought a new position in shares of Herbalife in the third quarter worth approximately $78,000. Range Financial Group LLC bought a new position in shares of Herbalife in the fourth quarter worth approximately $124,000. Finally, SG Americas Securities LLC boosted its position in shares of Herbalife by 83.5% in the fourth quarter. SG Americas Securities LLC now owns 18,884 shares of the company’s stock worth $126,000 after purchasing an additional 8,591 shares during the period.

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.