Herbalife LTD (HLF) Target Increased at Argus

Herbalife LTD (HLF) received a “buy” reiteration today from securities research analysts at investment firm Argus.  Argus also increased their performance out on Herbalife by increasing their price target from $63 to $68 dollars.  Argus also noted that Herbalife is a play in which should increase in value with economic recovery and points out shares are up 75% year-to-date.

Argus is not joking when they said shares are up 75% year-to-date.  Looking at the daily chart of Herbalife shows commendable success in a market that is saturated with doubt.  HLF has had tremendous success for its shareholders since the middle of 2009 trading with very brief periods of bearish retrace, there is no doubt about it.

Herbalife is slated to release their next earnings report on August 1st, 2011, and is estimated to post EPS of 75 cents.  Their last earnings report was released on May 2nd, 2011, and announced EPS of $1.43 with revenue totaling $795.1 million which was up 28.5% year to year.  HLF is currently trading above its 50 & 200-day moving averages and 2011 is an up year for the company.

The company has market capitalization of $6,982,133,480 and 118,181,000 shares outstanding.  HLF has a 52-week high of $84.66 with the low being $22.65 dollars.

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