Oppenheimer Sticks to Their Hold Rating for Hain Celestial

By Carrie Williams

In a report released today, Rupesh Parikh from Oppenheimer reiterated a Hold rating on Hain Celestial (NASDAQ: HAIN). The company’s shares opened today at $42.99.

Parikh observed:

“We overall look favorably upon HAIN’s Q4 results and updated guidance. Constant currency sales increased 2% with positive growth in all regions. In the context of the current difficult environment, we view HAIN’s reiteration of FY18 adjusted EBITDA guidance as a positive, especially with guide-downs from other food players lately.”

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.0% and a 60.2% success rate. Parikh covers the Services sector, focusing on stocks such as United Natural Foods, Wal-Mart Stores Inc, and Life Time Fitness.

Currently, the analyst consensus on Hain Celestial is Hold and the average price target is $42.11, representing a -2.0% downside.

In a report issued on August 22, Susquehanna also reiterated a Hold rating on the stock.

The company has a one year high of $45.61 and a one year low of $31.01. Currently, Hain Celestial has an average volume of 2.44M.

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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.