Canaccord Genuity Reiterates a 'Buy' on Hain Celestial (HAIN); Raising Estimates on Quarter and Acquisition

Canaccord Genuity reiterates a 'Buy' on Hain Celestial (NASDAQ: HAIN) price target of $52.00.

Analyst, Scott Van Winkle, said, "We maintain our rating and continue to believe that improving growth of natural/organic foods will deliver acceleration in financial results and the share price...Adjusting estimates for Q1 trends, Cully & Sully acquisition and divestiture plans for HAIN’s UK meals business. Raising F2012E EPS to $1.75 from $1.73 and F2013E EPS to $2.06 from $2.00. Revenue is reduced to $1.41B from $1.46B for F2012E and $1.61B from $1.67B for F2013E as a result of the divestiture."

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 $47.31 yesterday.

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