Oppenheimer Reiterates a Hold Rating on Hain Celestial

By Austin Angelo

In a report released today, Rupesh Parikh from Oppenheimer reiterated a Hold rating on Hain Celestial (NASDAQ: HAIN). The company’s shares closed yesterday at $33.16, close to its 52-week low of $32.65.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.8% 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.

Hain Celestial has an analyst consensus of Moderate Buy, with a price target consensus of $45.25.

Based on Hain Celestial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $750 million and quarterly net profit of $48.99 million. In comparison, last year the company earned revenue of $750 million and had a net profit of $48.99 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. 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.