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Hain Celestial (HAIN) Receives a Buy from Maxim Group


In a report released today, Anthony Vendetti from Maxim Group maintained a Buy rating on Hain Celestial (HAIN), with a price target of $36. The company’s shares opened today at $25, close to its 52-week low of $22.39.

Vendetti noted:

“Today, before the Market open, HAIN reported lower-than-expected F1Q19 (Sep) results. Revenue declined y/y across all three continuing business segments, and operating margins were compressed in both the US and UK.”

According to TipRanks.com, Vendetti is a 5-star analyst with an average return of 11.6% and a 55.7% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Restoration Robotics Inc, and Ra Medical Systems Inc.

Hain Celestial has an analyst consensus of Moderate Buy, with a price target consensus of $31.86, representing a 27.4% upside. In a report issued on October 29, Jefferies also maintained a Buy rating on the stock with a $45 price target.

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The company has a one-year high of $44.37 and a one-year low of $22.39. Currently, Hain Celestial has an average volume of 1.31M.

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Hain Celestial Group, Inc. engages in the production and distribution of organic and natural products. Its brands include Celestial Seasonings, Earth’s Best, Ella’s Kitchen, Terra, Garden of Eatin, Sensible Portions, and Health Valley. It operates through the following geographical segments: United States, United Kingdom, and Rest of World.