UPDATE: Mizuho Securities Starts Hain Celestial (HAIN) at Buy

(Updated - January 26, 2022 4:09 PM EST)

Mizuho Securities analyst John Baumgartner initiates coverage on Hain Celestial (NASDAQ: HAIN) with a Buy rating and a price target of $47.00.

The analyst comments "We initiate coverage of The Hain Celestial Group, Inc. (HAIN) with a Buy rating and $47 price target. Hain is a pure-play in the natural and organic (N&O) foods industry that we expect to grow annual sales at +6% through 2025. Improved execution has transitioned Hain from an acquisition-driven holding company into an integrated business. We expect innovation and distribution to drive a FY22E-FY25E organic revenue CAGR of +5.8% (vs. Street's +5%) and $200MM of productivity savings for an EBITDA CAGR of +10%. We see upside potential to NTM EBITDA; trading at 21x our CY22E EPS (30% discount vs. Staples growth peers vs. five-year average discount of 10%), we see positive risk/reward."

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 $36.15 yesterday.

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