Herbalife (NYSE:HLF) Given New $15.00 Price Target at Mizuho

Key Points

• Mizuho raised its price target on Herbalife from $13 to $15 and kept a "neutral" rating, implying only about a 1.9% upside from the current share price.
• Analyst coverage is mixed-to-positive with a MarketBeat consensus of "Moderate Buy" and an average target of $17.75, while Citigroup and Maxim carry higher $20–$21 buy targets and Zacks rates the stock a strong-buy.
• Herbalife reported quarterly EPS of $0.45 (missing $0.48) but revenue of $1.28B beat estimates; the stock trades near $14.72 with a P/E of ~6.7 and a market cap of about $1.5B.

Herbalife (NYSE:HLF - Get Free Report) had its target price increased by stock analysts at Mizuho from $13.00 to $15.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Mizuho's price objective would indicate a potential upside of 1.91% from the stock's current price.

Several other brokerages also recently weighed in on HLF. Citigroup reiterated a "buy" rating and set a $21.00 target price (up from $17.00) on shares of Herbalife in a research note on Thursday, February 19th. Weiss Ratings reiterated a "hold (c)" rating on shares of Herbalife in a research note on Thursday, January 22nd. Maxim Group initiated coverage on Herbalife in a report on Tuesday, January 6th. They set a "buy" rating and a $20.00 price target for the company. Finally, Zacks Research raised shares of Herbalife from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.75.

Herbalife Stock Performance

NYSE HLF traded up $0.31 on Monday, reaching $14.72. The stock had a trading volume of 95,817 shares, compared to its average volume of 1,639,890. The stock has a market cap of $1.52 billion, a P/E ratio of 6.69, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The business's 50-day moving average price is $16.71 and its 200 day moving average price is $12.99. Herbalife has a 12-month low of $6.20 and a 12-month high of $20.40.

Herbalife (NYSE:HLF - Get Free Report) last announced its earnings results on Thursday, February 19th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.24 billion. Herbalife had a net margin of 4.53% and a negative return on equity of 35.02%. The business's revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, sell-side analysts predict that Herbalife will post 1.57 earnings per share for the current year.

Hedge Funds Weigh In On Herbalife

Several hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in Herbalife by 236.8% during the first quarter. AQR Capital Management LLC now owns 133,245 shares of the company's stock worth $1,150,000 after purchasing an additional 93,686 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Herbalife by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,964 shares of the company's stock valued at $517,000 after acquiring an additional 2,523 shares in the last quarter. Empowered Funds LLC raised its position in Herbalife by 12.9% during the first quarter. Empowered Funds LLC now owns 30,301 shares of the company's stock worth $261,000 after acquiring an additional 3,474 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Herbalife by 3.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,904 shares of the company's stock valued at $1,820,000 after purchasing an additional 6,747 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Herbalife in the second quarter valued at about $118,000.

Herbalife Company Profile

Herbalife Nutrition Ltd. NYSE: HLF operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.

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