Herbalife Ltd. (NYSE:HLF – Get Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $11.63, but opened at $12.11. Herbalife shares last traded at $12.01, with a volume of 87,928 shares.
Wall Street Analysts Forecast Growth
Several brokerages have commented on HLF. Royal Bank of Canada dropped their price target on shares of Herbalife from $15.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Friday, November 10th. StockNews.com lowered shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. TheStreet lowered shares of Herbalife from a “c” rating to a “d+” rating in a research note on Thursday, November 2nd. Mizuho dropped their price target on shares of Herbalife from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 29th. Finally, BMO Capital Markets began coverage on shares of Herbalife in a research note on Monday, October 16th. They issued a “market perform” rating and a $12.00 price target on the stock. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Herbalife has an average rating of “Hold” and a consensus target price of $16.10.
Herbalife Price Performance
The firm has a market capitalization of $1.24 billion, a PE ratio of 6.71 and a beta of 1.27. The business’s 50-day moving average price is $13.51 and its 200-day moving average price is $14.24.
Hedge Funds Weigh In On Herbalife
Hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in Herbalife by 6.5% in the first quarter. Envestnet Asset Management Inc. now owns 12,308 shares of the company’s stock valued at $374,000 after acquiring an additional 747 shares during the period. Advisor Group Holdings Inc. lifted its holdings in Herbalife by 50.0% in the first quarter. Advisor Group Holdings Inc. now owns 4,243 shares of the company’s stock valued at $128,000 after acquiring an additional 1,415 shares during the period. Citigroup Inc. lifted its holdings in Herbalife by 8.9% in the first quarter. Citigroup Inc. now owns 18,413 shares of the company’s stock valued at $559,000 after acquiring an additional 1,503 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Herbalife by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,011,947 shares of the company’s stock valued at $30,723,000 after acquiring an additional 17,482 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Herbalife in the first quarter valued at $379,000.
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. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotion items.