Hain Celestial Group Inc (NASDAQ:HAIN) Given Average Rating of “Hold” by Brokerages

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Shares of Hain Celestial Group Inc (NASDAQ:HAIN) have earned a consensus recommendation of “Hold” from the nineteen research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $24.13.

A number of analysts have issued reports on the company. Zacks Investment Research raised Hain Celestial Group from a “sell” rating to a “hold” rating and set a $25.00 price target on the stock in a research note on Wednesday, October 30th. Citigroup upped their price objective on shares of Hain Celestial Group from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Maxim Group increased their price objective on shares of Hain Celestial Group from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, November 8th. ValuEngine lowered shares of Hain Celestial Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Barclays decreased their target price on shares of Hain Celestial Group from $23.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th.

NASDAQ:HAIN traded down $0.82 on Monday, reaching $24.97. The stock had a trading volume of 412,373 shares, compared to its average volume of 502,232. Hain Celestial Group has a 12-month low of $14.45 and a 12-month high of $26.49. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 39.89 and a beta of 1.39. The firm’s fifty day moving average is $24.61 and its two-hundred day moving average is $21.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.77 and a quick ratio of 0.82.

Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $482.10 million during the quarter, compared to the consensus estimate of $492.07 million. Hain Celestial Group had a negative net margin of 11.37% and a positive return on equity of 4.40%. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. As a group, research analysts forecast that Hain Celestial Group will post 0.67 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BSW Wealth Partners acquired a new stake in Hain Celestial Group during the 2nd quarter worth approximately $52,000. HM Payson & Co. purchased a new stake in Hain Celestial Group during the second quarter worth approximately $64,000. Nisa Investment Advisors LLC acquired a new stake in shares of Hain Celestial Group in the third quarter worth $64,000. Parallel Advisors LLC acquired a new stake in shares of Hain Celestial Group in the second quarter worth $88,000. Finally, Mirova increased its position in shares of Hain Celestial Group by 16.2% in the second quarter. Mirova now owns 4,190 shares of the company’s stock worth $92,000 after acquiring an additional 585 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

About Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.

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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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