Why Has Wunderlich Given Hain Celestial (NASDAQ:HAIN) a $54.0 Price Target
Wunderlich have initiated its coverage for Hain Celestial (NASDAQ:HAIN), this morning 11 December. The brokerage firm found the stock of HAIN quite attractive and now has a TP of $54.0 with a key “Buy” rating.
From a total of 18 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 $59.11 with a 57.57% above today’s ($38.91) stock price. Hain Celestial Group was the topic of 24 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Maxim Group maintained shares on November 6 with “Buy” rating. Piper Jaffray maintained shares with “Overweight” rating and $69 target share price in a report from an August 20. RBC Capital Markets maintained HAIN stock in a recent report from November 2 with “Sector Perform” rating. S&P Research maintained the rating on August 20. S&P Research has a “Buy” rating and a $76 price target on shares. Finally, Cowen & Co initiated the stock with “Outperform” rating in a report issued on an October 14.
The stock closed the day at $38.91 during the previous session. It is down 35.82% since May 8, 2015 and is downtrending. It has underperformed by 32.81% 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 dropped, 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 $4.01 billion. The Firm operates in five divisions: the United States, the United Kingdom, Canada, Europe and Hain Pure Protein. It has 22.4 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)” Get a free copy of the Zacks research report on Hain Celestial Group Inc (HAIN).