(NYSE:HLF) Herbalife Downgraded to Hold

Herbalife (NYSE:HLF) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Wednesday, ARN reports. They presently have a $56.48 price target on the stock. Vetr‘s price objective would suggest a potential upside of 3.67% from the stock’s previous close.

Shares of Herbalife (NYSE:HLF) opened at 54.48 on Wednesday. The firm has a 50 day moving average price of $56.62 and a 200-day moving average price of $50.64. The company has a market cap of $5.04 billion and a P/E ratio of 16.82. Herbalife has a 12 month low of $27.60 and a 12 month high of $61.95.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, August 5th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.13. The company earned $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the firm posted $1.55 EPS. Herbalife’s revenue was down 11.0% compared to the same quarter last year. Analysts anticipate that Herbalife will post $4.67 earnings per share for the current fiscal year.

Read more: http://www.dakotafinancialnews.com/herbalife-downgraded-to-hold-at-vetr-inc-hlf/

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