Atlantic Equities Upgrades Hain Celestial to Hold

By Carrie Williams

In a report released today, Charles Eden from Atlantic Equities upgraded Hain Celestial (NASDAQ: HAIN) to Hold. The company’s shares closed yesterday at $38.72.

According to TipRanks.com, Eden is a 3-star analyst with an average return of 7.7% and a 60.0% success rate. Eden covers the Consumer Goods sector, focusing on stocks such as Estee Lauder Companies, Church & Dwight, and WhiteWave Foods.

Currently, the analyst consensus on Hain Celestial is Moderate Buy and the average price target is $45, representing a 16.2% upside.

In a report issued on November 16, Oppenheimer also reiterated a Hold rating on the stock.

The company has a one year high of $56.99 and a one year low of $33.12. Currently, Hain Celestial has an average volume of 1.93M.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2015, Ross Weiner, the VP & CAO of HAIN sold 378 shares for a total of $23,478.

Hain Celestial Group, Inc. engages in the production and distribution of organic and natural products. It offers products grocery, snacks, tea, personal care, and poultry. The grocery products covers infant formula, rice, and grain-based products, plant-based beverages, and frozen desserts, chocolate, pastas, fresh fruits, refrigerated and frozen soy protein meat-alternative, and marmalade products. The snacks products include potato, root vegetables, and other exotic vegetable chips. The tea products refers to herbal green, black, wellness, rooibos and chai tea lattes. The personal care products include skin, hair, and oral care, deodorants, baby care items, acne treatment, body washes and sunscreen. The poultry products are the protein products manufactured and marketed as antibiotic-free or organic, vegetarian fed and humanely raised, including kosher products. It operates through the following geographical segments: the United States, the United Kingdom, Hain Pure Protein, Canada and Europe. The company was founded by Irwin David Simon on May 19, 1993 and is headquartered in Melville, NY.