Jefferies Sticks to Their Buy Rating for Hain Celestial

By Jason Carr

Jefferies analyst Akshay Jagdale reiterated a Buy rating on Hain Celestial (NASDAQ: HAIN) today and set a price target of $50. The company’s shares opened today at $35.03, close to its 52-week low of $32.87.

According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 4.8% and a 50.0% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Keurig Green Mountain, Amplify Snack Brands, and Lamb Weston Holdings.

Hain Celestial has an analyst consensus of Moderate Buy, with a price target consensus of $45.75.

The company has a one year high of $56.99 and a one year low of $32.87. Currently, Hain Celestial has an average volume of 1.08M.

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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.