In a report released today, Anthony Vendetti from Maxim Group maintained a Buy rating on Hain Celestial (NASDAQ: HAIN), with a price target of $40. The company’s shares opened today at $26.80, close to its 52-week low of $25.80.
Vendetti observed:
“The company moved Hain Pure Protein (HPP) to discontinued operations as it explores a sale of the business, which we expect to occur by the end of calendar 2018..”
According to TipRanks.com, Vendetti is ranked #478 out of 4787 analysts.
Currently, the analyst consensus on Hain Celestial is Moderate Buy and the average price target is $35, representing a 30.6% upside.
In a report released today, Jefferies also maintained a Buy rating on the stock with a $40 price target.
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The company has a one-year high of $45.61 and a one-year low of $25.80. Currently, Hain Celestial has an average volume of 1.21M.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HAIN in relation to earlier this year.
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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, Hain Pure Protein, and Rest of World.
