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

Herbalife Ltd. (NYSE:HLF) has earned an average recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $9.90.

A number of equities analysts have weighed in on HLF shares. Mizuho boosted their price objective on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. B. Riley decreased their price target on Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. DA Davidson decreased their price target on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, Citigroup decreased their price target on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, October 25th.

Hedge Funds Weigh In On Herbalife

Several hedge funds have recently bought and sold shares of the company. R Squared Ltd purchased a new stake in Herbalife during the 4th quarter worth about $63,000. Avaii Wealth Management LLC increased its holdings in Herbalife by 49.3% during the 4th quarter. Avaii Wealth Management LLC now owns 58,634 shares of the company’s stock worth $392,000 after purchasing an additional 19,370 shares during the period. Exchange Traded Concepts LLC increased its holdings in Herbalife by 3.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company’s stock worth $300,000 after purchasing an additional 1,636 shares during the period. Inspire Investing LLC increased its holdings in Herbalife by 6.1% during the 4th quarter. Inspire Investing LLC now owns 59,879 shares of the company’s stock worth $401,000 after purchasing an additional 3,458 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Herbalife by 83.5% during the 4th quarter. SG Americas Securities LLC now owns 18,884 shares of the company’s stock worth $126,000 after purchasing an additional 8,591 shares during the period.

Herbalife Stock Performance

Shares of HLF opened at $6.52 on Friday. Herbalife has a one year low of $6.05 and a one year high of $12.81. The stock has a market capitalization of $656.66 million, a price-to-earnings ratio of 7.66, a PEG ratio of 0.22 and a beta of 1.18. The stock has a 50 day moving average price of $7.16 and a 200 day moving average price of $7.97.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.19 by $0.38. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. On average, analysts predict that Herbalife will post 1.51 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.