In a report released today, Stephanie Wissink from Jefferies maintained a Buy rating on Nu Skin (NYSE: NUS), with a price target of $98. The company’s shares closed on Friday at $79.60.
Wissink commented:
“We hosted NUS senior leaders for a series of meetings last week. While our view of China macro beauty has tempered somewhat in recent months, we walked away from meetings with a more optimistic sense of China skincare device sales potential and global benefits from product innovation (new & extensions), program enhancements (including sales comp structure), and a growing level of sophistication around social selling that sets NUS apart from other MLM companies.”
According to TipRanks.com, Wissink is a 3-star analyst with an average return of 2.7% and a 51.7% success rate. Wissink covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Sally Beauty, and Ulta Salon.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nu Skin with a $89.33 average price target.
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The company has a one-year high of $88.68 and a one-year low of $59.31. Currently, Nu Skin has an average volume of 411.8K.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. Last month, Joseph Y. Chang, the CSO of NUS sold 10,600 shares for a total of $870,612.
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Nu Skin Enterprises, Inc. engages in the development and distribution of beauty and wellness products and solutions. It operates through the following geographical segments: Mainland China, Hong Kong and Taiwan, South Korea, Japan, South Asia and Pacific, Americas, and EMEA (Europe, the Middle East, and Africa.
