UBS Maintains a 'Neutral' on Hain Celestial (HAIN); One of The Best Momentum Names, But Wrestling With Valuation

June 15, 2012 11:05 AM EDT Send to a Friend
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Price: $102.35 --0%

Rating Summary:
    7 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 4 | Down: 2 | New: 13
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UBS maintains a 'Neutral' on Hain Celestial (NASDAQ: HAIN) price target of $55.00 (from $49.00).

Analyst, David Palmer, said, "We are raising our FY13e EPS to $2.16 (+20% YOY; cons $2.09) from $2.10 and our price target to $55 to reflect sustained organic and natural food sales growth. Our FY13 forecast now assumes: 1) 14% revenue growth (+8pp organic), 2) slight gross margin expansion (10bp) driven by easing input inflation partly offset by the addition of the Daniels Group, and 3) a 50bp reduction in SG&A margins given Daniels Group’s lower SG&A margin profile."

For an analyst ratings summary and ratings history on Hain Celestial click here. For more ratings news on Hain Celestial click here.

Shares of Hain Celestial closed at $53.39 yesterday.




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