SunTrust Banks, Inc. Reaffirms Hold Rating for Herbalife LTD. (HLF)
SunTrust Banks, Inc. restated their hold rating on shares of Herbalife LTD. (NYSE:HLF) in a research note issued to investors on Friday morning. They currently have a $67.00 target price on the stock.
HLF has been the topic of several other reports. ValuEngine upgraded Herbalife LTD. from a hold rating to a buy rating in a report on Friday, September 1st. Pivotal Research reiterated a buy rating and set a $120.00 target price on shares of Herbalife LTD. in a report on Thursday, August 31st. Zacks Investment Research lowered Herbalife LTD. from a hold rating to a strong sell rating in a report on Monday, November 6th. BidaskClub lowered Herbalife LTD. from a strong-buy rating to a buy rating in a report on Monday, July 24th. Finally, Tigress Financial restated a buy rating on shares of Herbalife LTD. in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $83.25.
Herbalife LTD. (NYSE:HLF) opened at $65.49 on Friday. The company has a debt-to-equity ratio of 9.94, a quick ratio of 2.24 and a current ratio of 2.65. The firm has a market capitalization of $5,710.53, a PE ratio of 14.33 and a beta of 1.32. Herbalife LTD. has a twelve month low of $47.62 and a twelve month high of $79.64.
Herbalife LTD. (NYSE:HLF) last posted its earnings results on Thursday, November 2nd. The company reported $0.82 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Herbalife LTD. had a return on equity of 176.64% and a net margin of 8.60%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. equities analysts predict that Herbalife LTD. will post 4.55 EPS for the current year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virginia Retirement Systems ET AL bought a new stake in Herbalife LTD. during the third quarter worth about $577,000. Legal & General Group Plc raised its holdings in Herbalife LTD. by 0.8% during the third quarter. Legal & General Group Plc now owns 280,279 shares of the company’s stock worth $19,012,000 after acquiring an additional 2,139 shares in the last quarter. Oberndorf William E raised its holdings in Herbalife LTD. by 34.9% during the third quarter. Oberndorf William E now owns 195,660 shares of the company’s stock worth $13,272,000 after acquiring an additional 50,660 shares in the last quarter. SG Americas Securities LLC raised its holdings in Herbalife LTD. by 1,291.3% during the third quarter. SG Americas Securities LLC now owns 29,886 shares of the company’s stock worth $2,027,000 after acquiring an additional 27,738 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Herbalife LTD. by 2.3% during the third quarter. New York State Common Retirement Fund now owns 153,800 shares of the company’s stock worth $10,432,000 after acquiring an additional 3,500 shares in the last quarter.
About Herbalife LTD.
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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