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.

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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.

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