Hain Celestial Group Inc (HAIN) Receives $32.85 Average Price Target from Analysts

Hain Celestial Group Inc (NASDAQ:HAIN) has earned a consensus recommendation of “Hold” from the twenty ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $32.36.

HAIN has been the topic of a number of analyst reports. Buckingham Research lowered their target price on Hain Celestial Group from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, August 29th. Citigroup reduced their price target on Hain Celestial Group from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, June 25th. Jefferies Financial Group reissued a “buy” rating and set a $45.00 price target (up previously from $40.00) on shares of Hain Celestial Group in a research note on Monday, September 24th. BidaskClub raised Hain Celestial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Finally, BMO Capital Markets reduced their price target on Hain Celestial Group from $31.00 to $29.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 29th.

NASDAQ:HAIN traded up $0.22 during trading hours on Wednesday, reaching $25.47. 63,707 shares of the company traded hands, compared to its average volume of 1,302,414. The stock has a market cap of $2.82 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.92 and a beta of 1.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.49. Hain Celestial Group has a 1-year low of $24.89 and a 1-year high of $44.37.

Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, August 28th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $619.60 million for the quarter, compared to analysts’ expectations of $629.25 million. Hain Celestial Group had a return on equity of 7.37% and a net margin of 0.35%. Hain Celestial Group’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, equities research analysts predict that Hain Celestial Group will post 1.24 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Global X Management Co LLC raised its position in shares of Hain Celestial Group by 113.7% in the 2nd quarter. Global X Management Co LLC now owns 4,937 shares of the company’s stock worth $147,000 after buying an additional 2,627 shares during the period. Flagship Harbor Advisors LLC purchased a new position in shares of Hain Celestial Group in the 2nd quarter worth $194,000. Mercer Capital Advisers Inc. raised its position in shares of Hain Celestial Group by 119.7% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 7,250 shares of the company’s stock worth $216,000 after buying an additional 3,950 shares during the period. Wedbush Securities Inc. purchased a new position in shares of Hain Celestial Group in the 2nd quarter worth $218,000. Finally, HPM Partners LLC purchased a new position in shares of Hain Celestial Group in the 2nd quarter worth $241,000. 92.47% of the stock is currently owned by institutional investors and hedge funds.

Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.

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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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