#6 - Hain Celestial Group (NASDAQ:HAIN)
If you’re not familiar with Hain Celestial Group (NASDAQ:HAIN), you may make you think this is another company that deals in space travel. But that’s not the case. The company was formed as a merger between Hain Foods and Celestial Seasonings.
The combined company makes organic and natural foods as well as botanically-based personal care products. This includes the Gluten-free product market, which Research and Markets reports will reach $10.96 billion by 2029 at a compound annual growth rate (CAGR) of 8.3%.
In 2021, HAIN stock soared along with the broader market. But 2022 has been a different story. The stock is down 60% on lagging revenue due to inflation and supply chain issues.
Nevertheless, this link to gluten-free products tilts the company into the consumer staples sector. Consumers who need the company’s products would be considered essential. And Consumer staples continue to do well in this bear market.
About The Hain Celestial Group
The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.
More about The Hain Celestial Group- Current Price
- $2.97
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $6.31 (112.5% Upside)
