Herbalife Ltd. (NYSE:HLF) today issued the following statement in response to statements made today by Bill Ackman:

“There is simply no truth to Bill Ackman’s statements and this is just another stunt in his campaign, a campaign that is reportedly under criminal investigation by the FBI and the Department of Justice, to drive down the stock price in an effort to enrich himself and his investors in advance of options expiring on Friday. Unfortunately we have seen this pattern of activity before, especially before the third Friday of each month, when certain options expire.” (Original Source)

Shares of Herbalife closed today at $42.84, down $0.99 or 2.26%. HLF has a 1-year high of $69.69 and a 1-year low of $27.60. The stock’s 50-day moving average is $37.70 and its 200-day moving average is $38.98.

On the ratings front, Herbalife has been the subject of a number of recent research reports. In a report issued on March 13, BTIG analyst April Scee maintained a Buy rating on HLF, with a price target of $55, which implies an upside of 28.4% from current levels. Separately, on March 2, Canaccord Genuity’s Mark Sigal maintained a Buy rating on the stock and has a price target of $42.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, April Scee and Mark Sigal have a total average return of 5.8% and -12.0% respectively. Scee has a success rate of 75.0% and is ranked #1378 out of 3574 analysts, while Sigal has a success rate of 37.5% and is ranked #3278.

In total, 5 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $42.84 which is 29.8% above where the stock opened today.

Herbalife Ltd is a nutrition company. The Companyalong with its subsidiariessells weight management, targeted nutrition, energy, sports & fitness, and outer nutrition products.