Analysts at Canaccord Genuity set a $77.00 price objective on shares of Herbalife (NYSE:HLF) stock in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports. Canaccord Genuity’s price objective would indicate a potential upside of 27.13% from the company’s current price.
A number of other firms have also recently commented on HLF. Analysts at DA Davidson raised their price target on shares of Herbalife to $92.00 in a research note to investors on Tuesday. Separately, analysts at Zacks downgraded shares of Herbalife from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $61.50 price target on the stock. Finally, analysts at Makor Capital downgraded shares of Herbalife from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, July 24th.
Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $67.94.
Herbalife (NYSE: HLF) opened at 60.57 on Tuesday. Herbalife has a 1-year low of $24.24 and a 1-year high of $62.23. The stock’s 50-day moving average is currently $49.83. The company has a market cap of $6.236 billion and a price-to-earnings ratio of 14.17.
Herbalife (NYSE:HLF) last announced its earnings results on Monday, July 29th. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.23. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. Herbalife has set its Q3 guidance at 1.09-1.13 EPS and its FY13 guidance at $4.83-4.95 EPS. Analysts expect that Herbalife will post $4.80 EPS for the current fiscal year.
Herbalife Ltd. is a global network marketing company that sells weight management, nutritional supplements, energy, sports and fitness products and personal care products through a network of approximately 2.