Canaccord Maintains Buy On Hain Celestial Following Solid 4Q14 And Guides Above For F2015


In a research note released today, Canaccord analyst Scott Van Winkle maintained a Buy rating on Hain Celestial Group (NASDAQ:HAIN) with a $108 price target, following the company’s fourth-quarter results posting adjusted EPS of $0.90 vs. Van Winkle’s $0.87 estimate and consensus of $0.89. 

Van Winkle noted, “Guidance for F2015 is favorable to our forecast and the Street’s. Revenue guidance of $2.725B to $2.8B is ahead of our $2.5B forecast due to the contribution from the HAIN Pure Protein acquisition, while forecasted EPS of $3.72 to $3.90 is stronger than we had forecasted for the base HAIN business plus modest accretion from HAIN Pure Protein.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Scott Van Winkle has a total average return of 11.7% and a 61% success rate. Van Winkle has a 37.6% average return when recommending HAIN is ranked #202 out of 3255 analysts.

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