Susquehanna Reiterates Their Buy Rating on Hain Celestial

By Austin Angelo

In a report released today, Pablo Zuanic from Susquehanna reiterated a Buy rating on Hain Celestial (NASDAQ: HAIN), with a price target of $44. The company’s shares closed yesterday at $35.20, close to its 52-week low of $32.87.

Zuanic noted:

“HAIN should report long pending earnings by Thursday. We expect minimal revisions to published numbers (crossing scanner data for mass and natural channel metrics) and are only 4c below consensus for the 12-month period ending March 2017 (four quarters not reported yet). We expect guidance below consensus, but the absence of major revisions and penalties plus a more credible turnaround plant should bolster the stock, in our view. For those seeking downside protection, we note the June 35 strike (at-the-money) straddle expiring this week is currently priced around $3.60, implying roughly a +/- 10% breakeven move. Even though our FY18 (Jun’18) EPS is 8% below consensus (-6% on sales), we see value in HAIN. We estimate ~25% upside in the cash equity by June 2018 on our FY19 estimates. On normalized 2x net debt to EBITDA terms, our price target of $44 implies 20.8x 1yF (vs.”

According to, Zuanic is a 2-star analyst with an average return of 0.6% and a 44.6% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Anheuser-Busch Inbev Sa, and Mondelez International.

Currently, the analyst consensus on Hain Celestial is Moderate Buy and the average price target is $45.75, representing a 30.0% upside.

In a report issued on May 31, Jefferies also maintained a Buy rating on the stock with a $50 price target.

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.