Evercore ISI Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $6.00

The Hain Celestial Group (NASDAQ:HAIN) had its price target cut by Evercore ISI from $9.00 to $6.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 36.05% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Mizuho lowered their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research 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. DA Davidson cut their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Barclays lowered their price objective on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Piper Sandler cut their target price on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.56.

The Hain Celestial Group Trading Up 5.3 %

The Hain Celestial Group stock opened at $4.41 on Wednesday. The stock has a 50-day simple moving average of $5.93 and a 200 day simple moving average of $7.24. The stock has a market capitalization of $397.74 million, a P/E ratio of -4.69 and a beta of 0.74. 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 Hain Celestial Group has a 52 week low of $3.28 and a 52 week high of $10.07.

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

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors have recently made changes to their positions in HAIN. Wealthfront Advisers LLC acquired a new position in shares of The Hain Celestial Group in the fourth quarter worth approximately $370,371,000. State Street Corp raised its holdings in The Hain Celestial Group by 0.4% during the 3rd quarter. State Street Corp now owns 3,464,855 shares of the company’s stock worth $29,902,000 after purchasing an additional 15,494 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of The Hain Celestial Group by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock worth $19,241,000 after purchasing an additional 142,097 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of The Hain Celestial Group by 54.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock valued at $10,568,000 after purchasing an additional 434,070 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of The Hain Celestial Group by 2.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 637,563 shares of the company’s stock valued at $5,502,000 after purchasing an additional 13,376 shares during the last quarter. Institutional investors 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.