Nature’s Sunshine Products (NASDAQ:NATR) Now Covered by Canaccord Genuity Group

Research analysts at Canaccord Genuity Group initiated coverage on shares of Nature’s Sunshine Products (NASDAQ:NATR) in a research note issued on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $18.00 price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 35.85% from the company’s current price.

Several other equities research analysts also recently issued reports on NATR. StockNews.com upgraded Nature’s Sunshine Products from a “buy” rating to a “strong-buy” rating in a report on Tuesday. DA Davidson cut their price target on shares of Nature’s Sunshine Products from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, August 12th.

Nature’s Sunshine Products Trading Up 1.2 %

NATR opened at $13.25 on Friday. Nature’s Sunshine Products has a twelve month low of $10.81 and a twelve month high of $21.72. The firm has a market cap of $245.26 million, a price-to-earnings ratio of 15.59 and a beta of 0.87. The company has a fifty day simple moving average of $14.48 and a 200 day simple moving average of $16.42.

Nature’s Sunshine Products (NASDAQ:NATR) last announced its earnings results on Thursday, August 8th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.18). Nature’s Sunshine Products had a net margin of 3.50% and a return on equity of 9.79%. The business had revenue of $110.55 million for the quarter.

Institutional Trading of Nature’s Sunshine Products

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP bought a new position in Nature’s Sunshine Products during the 4th quarter worth approximately $7,430,000. Skylands Capital LLC lifted its stake in Nature’s Sunshine Products by 722.1% during the second quarter. Skylands Capital LLC now owns 333,101 shares of the company’s stock worth $5,020,000 after purchasing an additional 292,581 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its holdings in Nature’s Sunshine Products by 26.8% in the second quarter. Paradigm Capital Management Inc. NY now owns 695,079 shares of the company’s stock worth $10,475,000 after purchasing an additional 146,879 shares during the period. Hillsdale Investment Management Inc. increased its stake in Nature’s Sunshine Products by 50.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 198,730 shares of the company’s stock valued at $3,436,000 after purchasing an additional 66,500 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Nature’s Sunshine Products by 25.7% during the second quarter. American Century Companies Inc. now owns 260,479 shares of the company’s stock worth $3,925,000 after purchasing an additional 53,221 shares during the period. 79.40% of the stock is owned by institutional investors.

Nature’s Sunshine Products Company Profile

Nature's Sunshine Products, Inc, a natural health and wellness company, manufactures and sells nutritional and personal care products in Asia, Europe, North America, Latin America, and internationally. It offers general health products related to blood sugar support, bone health, cellular health, cognitive function, joint health, mood, sexual health, sleep, sports and energy, and vision.