RBC Capital analyst David Palmer reiterated a Hold rating on Hain Celestial (HAIN) on November 9 and set a price target of $24. The company’s shares opened today at $22.15, close to its 52-week low of $21.76.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 10.0% and a 70.3% success rate. Palmer covers the Services sector, focusing on stocks such as Restaurant Brands International, McDonald’s Corp, and Texas Roadhouse.
The word on The Street in general, suggests a Hold analyst consensus rating for Hain Celestial with a $27.91 average price target, a 26.0% upside from current levels. In a report issued on November 8, Susquehanna also reiterated a Hold rating on the stock with a $25 price target.
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Based on Hain Celestial’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $37.43 million. In comparison, last year the company had a net profit of $19.85 million.
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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, and Rest of World.
