Equity Research Downgrades Herbalife to Sell

 

Herbalife was downgraded by research analysts at S&P Equity Research to a “sell” rating in a report released on Monday, Analyst Ratings Network reports.

HLF has been the subject of a number of other recent research reports. Analysts at Wedbush raised their price target on shares of Herbalife from $81.00 to $90.00 in a research note to investors on Friday, December 27th. Separately, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Herbalife in a research note to investors on Tuesday, December 17th. They now have a $85.00 price target on the stock, up previously from $79.00. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Herbalife in a research note to investors on Tuesday, December 17th. They now have a $87.00 price target on the stock, up previously from $77.00. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $86.79.

Shares of Herbalife opened at 78.70 on Monday. Herbalife has a 52 week low of $30.84 and a 52 week high of $81.75. The stock has a 50-day moving average of $72.72 and a 200-day moving average of $64.18. The company has a market cap of $7.949 billion and a P/E ratio of 16.47.

Herbalife (NYSE:HLF) last released its earnings data on Wednesday, October 30th. The company reported $1.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.14 by $0.27. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company posted $1.04 earnings per share. Herbalife’s revenue was up 19.3% compared to the same quarter last year.

In other Herbalife news, Insider Shin-Shing Bosco Chiu sold 1,989 shares of the stock on the open market in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $80.81, for a total transaction of $160,731.09. Following the sale, the insider now directly owns 6,177 shares of the company’s stock, valued at approximately $499,163. 

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.