Jefferies analyst Akshay Jagdale maintained a Buy rating on Herbalife (NYSE: HLF) today and set a price target of $65. The company’s shares closed yesterday at $53.26.
Jagdale wrote:
“3Q results & 2019 guidance point to strong top-line momentum after years of depressed growth. Moreover, following yesterday’s Investor Day, we have greater conviction in our view that HLF can sustainably grow sales at least in line with its TAM growth rate of ~6%, while also expanding margins and driving incremental earnings upside via accretive FCF usage. HLF’s technology investments should magnify its “distributor difference” and enable further share gains.”
According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 3.6% and a 52.8% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, McCormick & Company, and Pilgrim’s Pride.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Herbalife with a $61.67 average price target, representing a 15.8% upside. In a report issued on October 25, Pivotal Research also maintained a Buy rating on the stock with a $75 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $60.41 and a one-year low of $32.13. Currently, Herbalife has an average volume of 1.21M.
Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America; Mexico; South and Central America; Europe, Middle East, and Africa; Asia pacific; and China.
