SunTrust Banks Reaffirms Hold Rating for Herbalife (NYSE:HLF)

SunTrust Banks reiterated their hold rating on shares of Herbalife (NYSE:HLF) in a research note issued to investors on Friday, November 10th. The brokerage currently has a $67.00 price objective on the stock.

Several other analysts have also commented on the stock. Zacks Investment Research lowered shares of Herbalife from a hold rating to a strong sell rating in a research note on Monday, November 6th. Pivotal Research reissued a buy rating and set a $120.00 target price on shares of Herbalife in a research note on Tuesday, October 3rd. Citigroup reissued a hold rating and set a $73.00 target price (up from $71.00) on shares of Herbalife in a research note on Tuesday, October 3rd. ValuEngine upgraded shares of Herbalife from a hold rating to a buy rating in a research report on Friday, September 1st. Finally, Tigress Financial restated a buy rating on shares of Herbalife in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Herbalife presently has a consensus rating of Hold and an average target price of $83.25.

Herbalife (NYSE HLF) traded down $0.53 during mid-day trading on Friday, reaching $69.81. 614,200 shares of the company traded hands, compared to its average volume of 1,223,700. Herbalife has a fifty-two week low of $47.62 and a fifty-two week high of $79.64. The firm has a market capitalization of $5,927.67, a price-to-earnings ratio of 14.88 and a beta of 1.32. The company has a current ratio of 2.65, a quick ratio of 2.24 and a debt-to-equity ratio of 9.94.

Herbalife (NYSE:HLF) last released its earnings results on Thursday, November 2nd. The company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. Herbalife had a net margin of 8.60% and a return on equity of 176.64%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business earned $1.21 earnings per share. The business’s quarterly revenue was down 3.3% on a year-over-year basis. equities analysts forecast that Herbalife will post 4.55 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new stake in shares of Herbalife in the 2nd quarter valued at approximately $106,000. Phocas Financial Corp. purchased a new stake in shares of Herbalife in the 2nd quarter valued at approximately $124,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Herbalife by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the company’s stock valued at $180,000 after acquiring an additional 268 shares in the last quarter. Opera Trading Capital purchased a new stake in shares of Herbalife in the 3rd quarter valued at approximately $185,000. Finally, The Manufacturers Life Insurance Company lifted its position in Herbalife by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock worth $201,000 after buying an additional 189 shares in the last quarter.

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Herbalife Company Profile

Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.

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