Nature’s Sunshine Products (NASDAQ:NATR) Now Covered by Analysts at Canaccord Genuity Group

Canaccord Genuity Group assumed coverage on shares of Nature’s Sunshine Products (NASDAQ:NATR) in a report issued on Friday, MarketBeat reports. The brokerage issued a buy rating and a $18.00 target price on the stock.

A number of other equities analysts have also weighed in on the company. StockNews.com raised Nature’s Sunshine Products from a buy rating to a strong-buy rating in a research report on Tuesday, September 10th. DA Davidson reduced their target price on shares of Nature’s Sunshine Products from $23.00 to $21.00 and set a buy rating for the company in a report on Monday, August 12th.

Nature’s Sunshine Products Stock Performance

Shares of NATR stock opened at $13.81 on Friday. The company has a market capitalization of $258.66 million, a price-to-earnings ratio of 16.25 and a beta of 0.87. Nature’s Sunshine Products has a one year low of $10.81 and a one year high of $21.72. The company’s 50-day moving average is $14.41 and its 200 day moving average is $16.32.

Nature’s Sunshine Products (NASDAQ:NATR) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.18). The business had revenue of $110.55 million during the quarter. Nature’s Sunshine Products had a net margin of 3.50% and a return on equity of 9.79%.

Institutional Trading of Nature’s Sunshine Products

Several institutional investors and hedge funds have recently modified their holdings of the company. Hillsdale Investment Management Inc. grew its holdings in Nature’s Sunshine Products by 50.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 198,730 shares of the company’s stock valued at $3,436,000 after buying an additional 66,500 shares in the last quarter. Wasatch Advisors LP lifted its stake in Nature’s Sunshine Products by 20.6% in the first quarter. Wasatch Advisors LP now owns 518,161 shares of the company’s stock worth $10,762,000 after purchasing an additional 88,433 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Nature’s Sunshine Products by 8.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 25,200 shares of the company’s stock valued at $523,000 after acquiring an additional 2,054 shares during the period. Panagora Asset Management Inc. lifted its holdings in Nature’s Sunshine Products by 8.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 70,338 shares of the company’s stock valued at $1,060,000 after buying an additional 5,392 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Nature’s Sunshine Products by 16.5% during the first quarter. Lazard Asset Management LLC now owns 7,040 shares of the company’s stock worth $146,000 after acquiring an additional 998 shares during the period. 79.40% of the stock is currently owned by institutional investors.

Nature’s Sunshine Products Company Profile

Nature's Sunshine Products, Inc, a natural health and wellness company, manufactures and sells nutritional and personal care products in Asia, Europe, North America, Latin America, and internationally. It offers general health products related to blood sugar support, bone health, cellular health, cognitive function, joint health, mood, sexual health, sleep, sports and energy, and vision.