Analysts Set Herbalife Ltd. (NYSE:HLF) Target Price at $9.90

Herbalife Ltd. (NYSE:HLF) has been assigned an average recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.90.

A number of brokerages have weighed in on HLF. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. DA Davidson reiterated a “neutral” rating and set a $7.50 price target on shares of Herbalife in a research report on Thursday. Mizuho raised their price objective on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, B. Riley lowered their price objective on Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, October 31st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HLF. Diversify Wealth Management LLC raised its holdings in Herbalife by 271.4% in the third quarter. Diversify Wealth Management LLC now owns 159,499 shares of the company’s stock worth $1,113,000 after purchasing an additional 116,548 shares in the last quarter. Iridian Asset Management LLC CT grew its position in shares of Herbalife by 43.7% in the 3rd quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company’s stock worth $16,021,000 after buying an additional 677,739 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Herbalife by 139.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 38,020 shares of the company’s stock worth $273,000 after buying an additional 22,138 shares during the period. Prospera Financial Services Inc bought a new position in shares of Herbalife in the 3rd quarter worth about $154,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Herbalife by 31.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 550,795 shares of the company’s stock valued at $3,960,000 after acquiring an additional 130,818 shares during the period.

Herbalife Price Performance

HLF opened at $8.27 on Thursday. Herbalife has a fifty-two week low of $5.04 and a fifty-two week high of $12.79. The company’s 50-day moving average is $6.29 and its 200 day moving average is $7.21. The firm has a market capitalization of $836.72 million, a P/E ratio of 3.32, a PEG ratio of 0.29 and a beta of 1.15.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.28. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. On average, equities research analysts expect that Herbalife will post 1.57 earnings per share for the current year.

About Herbalife

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.