Herbalife starts buybacks after going-private talks fall through

Gladys Abbott
August 21, 2017

Among 7 analysts covering Herbalife (NYSE:HLF), 3 have Buy rating, 0 Sell and 4 Hold. The average 12 month target price among analysts that have updated their coverage on the stock in the past year is $83.00. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The firm earned "Overweight" rating on Tuesday, August 4 by Barclays Capital.

Shares of Herbalife LTD. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Herbalife LTD. has a 12 month low of $47.62 and a 12 month high of $74.49. (NYSE:HLF) traded down 0.42% during midday trading on Tuesday, hitting $61.95. The latest exchange of 0.57 Million shares is below its average trading activity of 262.41 Million shares. "We have already acquired during 2017 approximately $299 million of our shares on the open market under our current $1.5 billion share repurchase plan, and we believe this tender offer provides us an efficient way to buy back additional shares at an attractive price".

Herbalife LTD. had a net margin of 9.28% and a return on equity of 216.82%. (NYSE:HLF) released its quarterly earnings results on Tuesday, August 1st. For the quarter, shares have been noted at -24.06%. During the same quarter in the previous year, the company posted $1.29 EPS. The business's revenue for the quarter was down 4.6% on a year-over-year basis. During the same period past year, the business posted $1.29 EPS.

More news: Facebook's Mark Zuckerberg to take two months of paternity leave

COPYRIGHT VIOLATION NOTICE: This piece was originally published by BBNS and is owned by of BBNS. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and global trademark & copyright legislation. The legal version of this piece can be accessed at https://baseballnewssource.com/markets/brokerages-set-herbalife-ltd-hlf-pt-at-83-00/1524139.html.

A number of other equities analysts have also recently commented on the stock. It fall, as 50 investors sold Herbalife Ltd. shares while 67 reduced holdings. On Wednesday, November 4 the stock rating was maintained by Pivotal Research with "Buy". Sei Investments Co. increased its position in shares of Herbalife LTD.by 6.6% in the first quarter. BlueCrest Capital Management Ltd now owns 18,860 shares of the company's stock worth $1,345,000 after buying an additional 15,403 shares during the period. Bbva Compass Bancshares Inc. increased its position in shares of Herbalife LTD.by 25.7% in the first quarter.

Other reports by LeisureTravelAid

Discuss This Article

FOLLOW OUR NEWSPAPER