Maxim Group analyst Anthony Vendetti maintained a Buy rating on Hain Celestial (NASDAQ: HAIN) today and set a price target of $40. The company’s shares opened today at $27.66, close to its 52-week low of $25.41.
Vendetti observed:
“Market open, HAIN reported mixed F4Q18 (June) results, including higher adjusted EBITDA and non-GAAP EPS on slightly lower revenue. HAIN introduced mixed FY19 (June) guidance, leading us to lower our revenue estimates, but increase adjusted EBITDA and non-GAAP EPS projections. The company has reached an understanding with the SEC staff, subject to commission approval, to resolve the ongoing accounting inquiry with no penalty payment and no admission of individual wrongdoing. Hain Pure Protein (HPP) is expected to be sold by the end of calendar 2018, inline with prior guidance.”
According to TipRanks.com, Vendetti is a 4-star analyst with an average return of 7.7% and a 55.2% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Restoration Robotics Inc, and Xtant Medical Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hain Celestial with a $34.50 average price target, representing a 24.7% upside. In a report released today, Jefferies also maintained a Buy rating on the stock with a $40 price target.
.
See today’s analyst top recommended stocks >>
Based on Hain Celestial’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $12.69 million. In comparison, last year the company had a net profit of $313K.
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.
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, Hain Pure Protein, and Rest of World.
