In a report released today, John Baumgartner from Mizuho Securities initiated coverage with a Hold rating on Herbalife (HLF – Research Report) and a price target of $13.00. The company’s shares closed yesterday at $12.25.
According to TipRanks, Baumgartner is a 4-star analyst with an average return of 9.6% and a 67.15% success rate.
Currently, the analyst consensus on Herbalife is a Hold with an average price target of $13.00.
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HLF market cap is currently $1.17B and has a P/E ratio of 4.80.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HLF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America; Mexico; South and Central America; Europe, Middle East, and Africa; Asia pacific; and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.
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