In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Herbalife (HLF). The company’s shares opened today at $54.80.
According to TipRanks.com, Feinseth is a top 100 analyst with an average return of 17.0% and a 65.8% success rate. Feinseth covers the Services sector, focusing on stocks such as Southwest Airlines, Nordstrom Inc, and Walt Disney.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Herbalife with a $61.67 average price target, a 12.5% upside from current levels. In a report issued on November 1, Jefferies also maintained a Buy rating on the stock with a $65 price target.
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Based on Herbalife’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $71.2 million. In comparison, last year the company had a net profit of $54.5 million.
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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.
