Jefferies Boosts Numbers on Hain Celestial (HAIN) After Strong Q3
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Price: $0.56 -3.45%
Rating Summary:
6 Buy, 28 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
Rating Summary:
6 Buy, 28 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
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Jefferies raised estimates and its price target on Hain Celestial (NASDAQ: HAIN) from $45 to $55 following strong Q3 results.
The firm comments, "HAIN continues to operate at a very high level, posting better than expected operating profit, as well as EPS. While clearly the company is benefiting from a strong secular tailwind, what is noteworthy is management’s acumen for bringing these benefits down to the bottom line. Indeed, led by the strong North American team, HAIN appears to have ample opportunity to drive robust sales and earnings growth through FY13 and beyond."
Q4 EPS goes from $0.42 to $0.44, FY12 goes from $1.71 to $1.78 and FY13 from $1.89 to $2.05.
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.
The firm comments, "HAIN continues to operate at a very high level, posting better than expected operating profit, as well as EPS. While clearly the company is benefiting from a strong secular tailwind, what is noteworthy is management’s acumen for bringing these benefits down to the bottom line. Indeed, led by the strong North American team, HAIN appears to have ample opportunity to drive robust sales and earnings growth through FY13 and beyond."
Q4 EPS goes from $0.42 to $0.44, FY12 goes from $1.71 to $1.78 and FY13 from $1.89 to $2.05.
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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