Herbalife (NYSE:HLF) Stock Price Up 2.3% - Still a Buy?

Herbalife Ltd. (NYSE:HLF - Get Free Report) was up 2.3% on Friday . The stock traded as high as $6.78 and last traded at $6.75. Approximately 549,268 shares traded hands during trading, a decline of 75% from the average daily volume of 2,180,665 shares. The stock had previously closed at $6.60.

Analyst Ratings Changes

HLF has been the subject of a number of analyst reports. Citigroup lowered their price target on Herbalife from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, October 25th. StockNews.com upgraded shares of Herbalife from a "hold" rating to a "buy" rating in a report on Monday, November 4th. B. Riley cut their price target on shares of Herbalife from $17.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. DA Davidson decreased their price objective on shares of Herbalife from $13.00 to $7.50 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Finally, Mizuho boosted their target price on Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Herbalife currently has an average rating of "Hold" and an average price target of $9.90.

Herbalife Stock Performance

The company has a market cap of $675.31 million, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 0.27 and a beta of 1.17. The business's fifty day moving average is $7.59 and its two-hundred day moving average is $8.65.

Herbalife (NYSE:HLF - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.38. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. Analysts expect that Herbalife Ltd. will post 1.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Herbalife

Institutional investors have recently made changes to their positions in the company. nVerses Capital LLC grew its holdings in Herbalife by 240.0% during the 2nd quarter. nVerses Capital LLC now owns 5,100 shares of the company's stock worth $53,000 after acquiring an additional 3,600 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in Herbalife during the third quarter valued at approximately $78,000. Van ECK Associates Corp raised its stake in Herbalife by 10.3% in the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company's stock worth $90,000 after buying an additional 808 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in Herbalife during the third quarter worth $154,000. Finally, DGS Capital Management LLC lifted its holdings in Herbalife by 63.7% during the third quarter. DGS Capital Management LLC now owns 24,454 shares of the company's stock worth $176,000 after buying an additional 9,513 shares during the period.

About Herbalife

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.