Herbalife (NYSE:HLF) Hits New 1-Year Low at $10.94

Herbalife Ltd. (NYSE:HLFGet Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $10.94 and last traded at $11.29, with a volume of 153431 shares changing hands. The stock had previously closed at $11.29.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HLF shares. StockNews.com cut Herbalife from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. TheStreet lowered shares of Herbalife from a “c” rating to a “d+” rating in a research note on Thursday, November 2nd. Mizuho lowered their price objective on Herbalife from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, November 29th. Royal Bank of Canada lowered their price target on Herbalife from $15.00 to $13.00 and set a “sector perform” rating for the company in a research report on Friday, November 10th. Finally, BMO Capital Markets began coverage on shares of Herbalife in a research note on Monday, October 16th. They issued a “market perform” rating and a $12.00 price target on the stock. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Herbalife presently has a consensus rating of “Hold” and a consensus target price of $16.10.

Read Our Latest Analysis on HLF

Herbalife Price Performance

The business’s 50 day moving average price is $13.51 and its 200 day moving average price is $14.24. The stock has a market capitalization of $1.15 billion, a P/E ratio of 6.21 and a beta of 1.27.

Institutional Trading of Herbalife

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HLF. Nomura Asset Management Co. Ltd. raised its stake in shares of Herbalife by 150.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 1,900 shares of the company’s stock worth $31,000 after buying an additional 1,140 shares during the period. Lazard Asset Management LLC purchased a new position in Herbalife during the third quarter valued at $66,000. Platinum Investment Management Ltd. increased its holdings in Herbalife by 36.7% in the 2nd quarter. Platinum Investment Management Ltd. now owns 6,720 shares of the company’s stock valued at $89,000 after acquiring an additional 1,803 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Herbalife by 9.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,166 shares of the company’s stock worth $108,000 after purchasing an additional 736 shares in the last quarter. Finally, Point72 Middle East FZE bought a new position in shares of Herbalife during the 4th quarter valued at about $121,000.

Herbalife Company Profile

(Get Free Report)

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotion items.

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