Hain Celestial Receives a Hold from RBC Capital

By Austin Angelo

RBC Capital analyst David Palmer reiterated a Hold rating on Hain Celestial (NASDAQ: HAIN) yesterday and set a price target of $44. The company’s shares closed yesterday at $37.36.

According to TipRanks.com, Palmer is a top 100 analyst with an average return of 12.1% and a 76.3% success rate. Palmer covers the Services sector, focusing on stocks such as Restaurant Brands International, Brinker International, and McDonald’s Corp.

Currently, the analyst consensus on Hain Celestial is Moderate Buy and the average price target is $45.75, representing a 22.5% upside.

In a report issued on May 17, Oppenheimer also reiterated a Hold rating on the stock.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.