Canaccord Raises Hain Celestial Price Target To $112
In a research note released today, Canaccord analyst Scott Van Winkle maintained a Buy rating on Hain Celestial Group (NASDAQ:HAIN) and raised his price target to $112 (from $108).
Van Winkle explained, “Despite HAIN shares up 10%+ since the Q4 report, the valuation remains mixed versus natural and organic peers (4% discount to C2015E EPS, 20%+ premium on EBITDA). Our target goes to $112 from $108 as we roll forward a modestly tempered multiple (25x from 28x) onto our C2016 EPS estimate.”
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.