Evercore ISI Issues Pessimistic Forecast for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its target price cut by equities research analysts at Evercore ISI from $9.00 to $6.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective points to a potential upside of 35.14% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Barclays lowered their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday. Maxim Group lowered their target price on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday. Stifel Nicolaus lowered their target price on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, DA Davidson lowered their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, The Hain Celestial Group currently has an average rating of “Hold” and a consensus target price of $6.56.

The Hain Celestial Group Trading Up 1.8 %

NASDAQ HAIN opened at $4.44 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The firm has a market cap of $400.44 million, a PE ratio of -4.72 and a beta of 0.74. The Hain Celestial Group has a one year low of $3.28 and a one year high of $10.07. The firm’s fifty day moving average is $5.85 and its two-hundred day moving average is $7.22.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. Analysts expect that The Hain Celestial Group will post 0.43 earnings per share for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAIN. Allworth Financial LP raised its position in The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after acquiring an additional 2,423 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in The Hain Celestial Group by 225.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after acquiring an additional 3,432 shares during the last quarter. Van ECK Associates Corp raised its position in The Hain Celestial Group by 49.0% during the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after acquiring an additional 3,554 shares during the last quarter. Virtu Financial LLC acquired a new position in The Hain Celestial Group during the fourth quarter worth about $73,000. Finally, Grace & White Inc. NY acquired a new position in The Hain Celestial Group during the fourth quarter worth about $86,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.