Jefferies Maintains a 'Buy' on Hain Celestial (HAIN); Remains A Core Growth Holding
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Price: $0.79 +27.42%
Rating Summary:
6 Buy, 28 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 28 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies maintains a 'Buy' on Hain Celestial (NASDAQ: HAIN) price target raised from $39 to $45.
Jefferies analyst said, "HAIN reported a strong 2Q, seeing solid revenue growth and slightly better adjusted EBIT. The company, moreover, appears to be making good strides integrating its recent Daniels acquisition while further improving operating performance, especially in its all-important US business. With growth slated to remain strong this year, and the possibility of significant product expansion in FY13, we believe HAIN remains a core growth holding."
"We are raising our price target to $45 (from $39) and bumping our EPS by
$0.03 to $1.71 in FY12 and $0.01 in FY13 to $1.89."
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 $38.76 yesterday.
Jefferies analyst said, "HAIN reported a strong 2Q, seeing solid revenue growth and slightly better adjusted EBIT. The company, moreover, appears to be making good strides integrating its recent Daniels acquisition while further improving operating performance, especially in its all-important US business. With growth slated to remain strong this year, and the possibility of significant product expansion in FY13, we believe HAIN remains a core growth holding."
"We are raising our price target to $45 (from $39) and bumping our EPS by
$0.03 to $1.71 in FY12 and $0.01 in FY13 to $1.89."
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 $38.76 yesterday.
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