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UPDATE: Cowen Starts Hain Celestial (HAIN) at Outperform

May 23, 2022 5:31 AM EDT
Get Alerts HAIN Hot Sheet
Price: $17.03 -1.28%

Rating Summary:
    13 Buy, 18 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 6 | Down: 13 | New: 58
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(Updated - May 23, 2022 5:32 AM EDT)

Cowen analyst Brian Holland initiates coverage on Hain Celestial (NASDAQ: HAIN) with a Outperform rating and a price target of $34.00.

The analyst comments "The transition to a streamlined operator has yielded share growth, margin improvement, and a healthier balance sheet—all of which effectively position Hain as a high-growth health & wellness captain. We think our in-line model appropriately captures transitory headwinds. Meanwhile, the stock today trades at its lowest relative multiple to EBITDA since an SEC inquiry and CEO transition."

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 $24.77 yesterday.


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