Herbalife Ltd (NYSE:HLF) Stock Has Consensus Target Price of $17.67 According to Brokerages

Herbalife Ltd (NYSE:HLF) has earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $17.67.

HLF has been the subject of a number of research analyst reports. UBS Group set a $21.00 target price on Herbalife in a report on Thursday, September 17th. Texas Capital upgraded Herbalife to a “strong-buy” rating in a report on Thursday, September 17th. Weiss Ratings upgraded Herbalife from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, November 4th. Wall Street Zen upgraded Herbalife from a “hold” rating to a “buy” rating in a report on Monday. Finally, Citigroup reissued a “buy” rating and issued a $17.00 price target (down from $21.00) on shares of Herbalife in a research report on Friday, August 7th.

Herbalife Trading Down 1.0%

NYSE:HLF opened at $15.54 on Wednesday. Herbalife has a twelve month low of $8.65 and a twelve month high of $20.40. The company has a 50-day moving average of $13.08 and a 200-day moving average of $13.95. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 0.49 and a beta of 0.74.

Herbalife (NYSE:HLF) last released its earnings results on Monday, November 2nd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Herbalife had a net margin of 3.41% and a negative return on equity of 52.54%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm earned $0.50 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, research analysts forecast that Herbalife will post 2.68 earnings per share for the current year.

Herbalife declared that its Board of Directors has approved a share buyback plan on Tuesday, September 8th that authorizes the company to buy back $250 million in shares. This buyback authorization authorizes the company to repurchase up to 19.3% of its shares through open market purchases. Share buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Herbalife

A number of hedge funds have recently modified their holdings of HLF. Signaturefd LLC grew its stake in shares of Herbalife by 135.1% in the 3rd quarter. Signaturefd LLC now owns 2,222 shares of the company’s stock valued at $27,000 after buying an additional 1,277 shares in the last quarter. KBC Group NV acquired a new position in Herbalife in the first quarter worth approximately $44,000. EverSource Wealth Advisors LLC raised its position in Herbalife by 12.6% during the first quarter. EverSource Wealth Advisors LLC now owns 7,366 shares of the company’s stock valued at $108,000 after acquiring an additional 822 shares in the last quarter. Tidal Investments LLC bought a new position in Herbalife during the second quarter valued at approximately $140,000. Finally, Echo45 Advisors LLC bought a new position in Herbalife during the third quarter valued at approximately $143,000.

Herbalife Company Profile

Herbalife Ltd. is a global nutrition company that develops and sells products focused on nutrition, weight management, fitness and personal care. Its offerings include meal-replacement shakes, protein products, dietary supplements, teas and sports-nutrition products. Founded in 1980 by Mark Hughes, Herbalife sells its products through a network of independent distributors who also provide product information and support to customers. The company serves customers in markets around the world and is headquartered in Los Angeles, California.