Hain Celestial Group (NASDAQ:HAIN) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, ValuEngine reports.

Other analysts have also recently issued reports about the stock. Evercore ISI initiated coverage on shares of Hain Celestial Group in a research note on Tuesday, June 11th. They set an “in-line” rating and a $22.00 price objective on the stock. Maxim Group reaffirmed a “buy” rating and set a $28.00 price objective on shares of Hain Celestial Group in a report on Friday, August 30th. JPMorgan Chase & Co. cut shares of Hain Celestial Group from a “neutral” rating to an “underweight” rating and cut their target price for the company from $23.00 to $18.00 in a research note on Tuesday, August 20th. Loop Capital reduced their target price on Hain Celestial Group to $20.00 and set a “hold” rating on the stock in a report on Wednesday, August 28th. Finally, BidaskClub upgraded Hain Celestial Group from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Hain Celestial Group has an average rating of “Hold” and a consensus price target of $23.37.

Shares of NASDAQ:HAIN traded up $1.00 on Wednesday, hitting $21.75. The stock had a trading volume of 2,133,115 shares, compared to its average volume of 1,591,371. Hain Celestial Group has a twelve month low of $14.45 and a twelve month high of $28.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.83. The firm’s 50 day moving average price is $20.48 and its 200-day moving average price is $21.40. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 14.07 and a beta of 1.35.

Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, August 29th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). The firm had revenue of $557.68 million during the quarter, compared to the consensus estimate of $537.66 million. Hain Celestial Group had a positive return on equity of 4.33% and a negative net margin of 7.96%. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS. As a group, sell-side analysts predict that Hain Celestial Group will post 0.7 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of Hain Celestial Group by 32.4% during the second quarter. Wells Fargo & Company MN now owns 3,119,232 shares of the company’s stock valued at $68,311,000 after purchasing an additional 763,297 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Hain Celestial Group during the 2nd quarter worth $51,014,000. Paradice Investment Management LLC lifted its holdings in Hain Celestial Group by 5.4% during the 2nd quarter. Paradice Investment Management LLC now owns 2,064,929 shares of the company’s stock worth $45,222,000 after buying an additional 106,351 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Hain Celestial Group by 9.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 1,697,478 shares of the company’s stock valued at $39,246,000 after buying an additional 149,875 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in Hain Celestial Group by 0.6% in the 2nd quarter. Brown Advisory Inc. now owns 1,305,360 shares of the company’s stock valued at $28,586,000 after buying an additional 7,629 shares during the last quarter. Institutional investors own 99.85% of the company’s stock.

About Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.

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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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