DA Davidson Raises Price Target on Herbalife (HLF) Following Strong Q4 Results
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Price: $8.88 -3.48%
Rating Summary:
8 Buy, 5 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
8 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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DA Davidson is maintaining its Buy rating on shares of Herbalife (NYSE: HLF) and is boosting its price target from $75 to $90 following its Q4 results.
The company posted solid quarterly results as earnings topped the firm's estimate $0.11 and sales grew by an additional 3.8 percent than expected. Gross margin also came in above expectations by 20 bps.
Herbalife raised its FY12 outlook more inline with analyst's predictions. Earnings are now expected to be $3.40-$3.60, up from its previous $3.25-$3.45 range. Total volumes are now anticipated to be up 10-12 percent, resulting in a 9-12 percent increase in total revenues.
For FY12, DA Davidson has increased its EPS and sales estimates from $3.55 and $3.74 billion to $3.65 and $3.8 billion.
For an analyst ratings summary and ratings history on Herbalife click here. For more ratings news on Herbalife click here.
Shares of Herbalife closed at $62.46 yesterday.
The company posted solid quarterly results as earnings topped the firm's estimate $0.11 and sales grew by an additional 3.8 percent than expected. Gross margin also came in above expectations by 20 bps.
Herbalife raised its FY12 outlook more inline with analyst's predictions. Earnings are now expected to be $3.40-$3.60, up from its previous $3.25-$3.45 range. Total volumes are now anticipated to be up 10-12 percent, resulting in a 9-12 percent increase in total revenues.
For FY12, DA Davidson has increased its EPS and sales estimates from $3.55 and $3.74 billion to $3.65 and $3.8 billion.
For an analyst ratings summary and ratings history on Herbalife click here. For more ratings news on Herbalife click here.
Shares of Herbalife closed at $62.46 yesterday.
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