The Hain Celestial Group, Inc. (HAIN) Stock Rating Lowered by BMO Capital Markets

BMO Capital Markets lowered shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) from an outperform rating to a market perform rating in a research note issued to investors on Thursday, October 19th, MarketBeat.com reports. The firm currently has $44.00 target price on the stock, down from their prior target price of $48.00.

A number of other equities analysts have also recently commented on the company. J P Morgan Chase & Co cut The Hain Celestial Group from an overweight rating to a neutral rating and reduced their price target for the stock from $43.00 to $35.00 in a report on Friday, June 23rd. Susquehanna Bancshares Inc restated a positive rating and set a $44.00 price objective (up from $42.00) on shares of The Hain Celestial Group in a research report on Friday, June 23rd. UBS AG restated a sell rating and set a $31.00 price objective (down from $33.00) on shares of The Hain Celestial Group in a research report on Sunday, June 25th. Royal Bank Of Canada cut their price objective on shares of The Hain Celestial Group from $44.00 to $39.00 and set a sector perform rating for the company in a research report on Tuesday, June 27th. Finally, Vetr downgraded shares of The Hain Celestial Group from a strong-buy rating to a buy rating and set a $37.69 price objective for the company. in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $42.13.

The Hain Celestial Group (NASDAQ:HAIN) opened at 36.92 on Thursday. The company’s 50-day moving average price is $40.40 and its 200 day moving average price is $38.98. The Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $45.61. The stock has a market capitalization of $3.83 billion, a P/E ratio of 56.80 and a beta of 1.28.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Tuesday, August 29th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The firm had revenue of $725.10 million during the quarter, compared to analysts’ expectations of $720.70 million. The Hain Celestial Group had a return on equity of 7.65% and a net margin of 2.36%. The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. On average, equities research analysts anticipate that The Hain Celestial Group will post $1.66 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas raised its holdings in shares of The Hain Celestial Group by 0.3% during the second quarter. Teacher Retirement System of Texas now owns 8,233 shares of the company’s stock valued at $320,000 after purchasing an additional 25 shares during the period. New Amsterdam Partners LLC NY raised its holdings in shares of The Hain Celestial Group by 0.8% during the second quarter. New Amsterdam Partners LLC NY now owns 8,581 shares of the company’s stock valued at $333,000 after purchasing an additional 68 shares during the period. Utah Retirement Systems raised its holdings in shares of The Hain Celestial Group by 0.5% during the second quarter. Utah Retirement Systems now owns 18,600 shares of the company’s stock valued at $722,000 after purchasing an additional 100 shares during the period. Goelzer Investment Management Inc. raised its holdings in shares of The Hain Celestial Group by 0.5% during the second quarter. Goelzer Investment Management Inc. now owns 50,594 shares of the company’s stock valued at $1,964,000 after purchasing an additional 260 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of The Hain Celestial Group by 0.6% during the first quarter. Public Employees Retirement System of Ohio now owns 49,254 shares of the company’s stock valued at $1,832,000 after purchasing an additional 275 shares during the period. Hedge funds and other institutional investors own 91.11% of the company’s stock.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.

Analyst Recommendations for The Hain Celestial Group (NASDAQ:HAIN)

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