Hain Celestial Gets a Hold Rating from Oppenheimer

By Carrie Williams

Oppenheimer analyst Rupesh Parikh reiterated a Hold rating on Hain Celestial (NASDAQ: HAIN) today. The company’s shares opened today at $39.01.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.7% and a 61.5% success rate. Parikh covers the Services sector, focusing on stocks such as United Natural Foods, Life Time Fitness, and Bob Evans Farms.

Currently, the analyst consensus on Hain Celestial is Hold and the average price target is $39, representing a 0.0% downside.

In a report issued on June 23, J.P. Morgan also downgraded the stock to Hold with a $35 price target.

Based on Hain Celestial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $707 million and quarterly net profit of $31.33 million. In comparison, last year the company earned revenue of $738 million and had a GAAP net loss of $88.6 million.

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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.