Barclays Maintains an 'Overweight' on Hain Celestial (HAIN); Go Big(ger) or Go Home...in UK

Barclays maintains an 'Overweight' on Hain Celestial (NASDAQ: HAIN) price target�raised $2 to�$37.00.

Barclays analyst says, "HAIN announced that it closed on the acquisition of the Daniels Group, a UK manufacturer of natural chilled food, for $230mm in cash. As a result of this acquisition, as well as the recent purchase of the Europe's Best natural frozen fruit and vegetable business on 10/5/11, HAIN raised its FY12 sales and EPS guidance. Management now anticipates net sales of $1.455bn-$1.480bn (from $1.23bn-$1.26bn previously) and EPS of $1.63-$1.73 (from $1.50-$1.60)...In light of our updated estimates, we are also raising our price target from $35 to $37, which represents a 20.4x multiple on CY12 EPS of $1.81."

For more ratings news on Hain Celestial click here and for the rating history of Hain Celestial click here.

Shares of Hain Celestial closed at $32.42 yesterday.

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