How Jefferies Currently Rates Hain Celestial (NASDAQ:HAIN)
Jefferies began issuing coverage on Hain Celestial (NASDAQ:HAIN) shares recently in an analyst note revealed on Wednesday, 16 December. The firm has decided to place a “Buy” rating on HAIN stock.
From a total of 19 analysts covering Hain Celestial Group (NASDAQ:HAIN) stock, 16 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 76% of the ratings are positive. The highest target price is $72 while the lowest target price is $49. The mean of all analyst targets is $58.68 with a 49.03% above today’s ($40.85) stock price. Hain Celestial Group was the topic of 25 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Wunderlich initiated shares on December 11 with “Buy” rating. Cowen & Co initiated shares with “Outperform” rating and $64 target share price in a report from an October 14. Oppenheimer maintained HAIN stock in a recent report from November 4 with “Perform” rating. Piper Jaffray maintained the rating on August 20. Piper Jaffray has a “Overweight” rating and a $69 price target on shares. Finally, Buckingham Research initiated the stock with “Neutral” rating in a report issued on an October 19.
Approximately 1.38M shares of stock traded hands. Hain Celestial Group Inc (NASDAQ:HAIN) has declined 34.88% since May 13, 2015 and is downtrending. It has underperformed by 32.26% the S&P500.
The overall sentiment of institutions has decreased to 1.16 in Q2 2015. Its down 0.51, from 1.67 in 2015Q2. The ratio dived, as 32 institutions have sold all the shares of Hain Celestial Group Inc that they owned while 142 funds have taken shares off the table. 54 funds have purchased shares for the first time while 148 added to their positions. These institutions now hold 97.67 million shares or 8.39% more than the 90.10 million shares they owned in 2015Q2.
The Fund Caerus Global Investors Llc currently is holding shares equating to 4.65% of its total portfolio in Hain Celestial Group Inc representing a total of 33,000 shares. Another fund,Agf Investments America Inc., is holding a total of 105,481 shares equating to 3.45% of their holdings. Additionally, Beck Capital Management Llc has a 75,346 share stake in Hain Celestial Group Inc which represents 2.69% of their total portfolio. The Fund, Gareth Morgan Investments Limited Partnership, based out of New Zealand, has also built up a stake in the stock, which represents a total of 2.63% of their total portfolio. Finally Coatue Management Llc, a fund which is based in the state of New York reported a total holdings of 4.05 million shares.
The Hain Celestial Group, Inc. manufactures, markets, distributes and sells organic and natural products under brand names, which are sold as better-for-you products. The company has a market cap of $4.02 billion. The Firm operates in five divisions: the United States, the United Kingdom, Canada, Europe and Hain Pure Protein. It has 23.52 P/E ratio. The Company’s brands include Almond Dream, Arrowhead Mills, BluePrint, Celestial Seasonings, Cully & Sully, Danival, DeBoles, Earth’s Best, Ella’s Kitchen, Europe’s Best, Farmhouse Fare, Frank Cooper’s, Gale’s, Garden of Eatin’, GG UniqueFiber, Hartley’s, Health Valley, Imagine, Johnson’s Juice Co., Lima, Linda McCartney, MaraNatha, New Covent Garden Soup Co., Rice Dream, Robertson’s, Rudi’s Organic Bakery, Rudi’s Gluten-Free Bakery, Sensible Portions, Spectrum, Spectrum Essentials and Soy Dream, among others.
According to Zacks Investment Research, “The Hain Celestial Group is a natural, specialty and snack food company. The company is a leader in the natural food categories, with such well-known natural food brands as Celestial Seasonings teas, including Sleepytimer, Lemon Zingerr, Red Zingerr, and Tension Tamerr varieties, Hain Pure Foodsr, Earth’s Bestr, and Nile Spice. The company’s principal specialty product lines include Hollywoodr cooking oils, Esteer sugar-free products, Weight Watchersr dry and refrigerated products, Kineretr kosher foods, Boston Better Snacksr, and Alba Foodsr. (PRESS RELEASE)”