Hain Celestial Group Inc (NASDAQ:HAIN) (TREND ANALYSIS) acquired the Mona Group, a provider of plant-based foods and beverages with facilities in Germany and Austria. In 2014 Mona had approximately $50M in net sales and is expected to be accretive to Hain Celestial’s earnings in fiscal year 2016. With the acquisition of Mona, Hain Celestial Europe will have three facilities producing plant-based beverages, two in Germany and one in Austria, serving the European markets. Mona’s Vienna office will be the base for expansion into eastern Europe. :theflyonthewall.com
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Hain Celestial Group Inc (NASDAQ:HAIN) stock is currently trading 2.04% below its 52-week-high, 66.81% above its 52-week-low. The 1-year stock price history is in the range of $40.83 – $69.53. Hain Celestial Group Inc (HAIN) has a price to earnings ratio of 53 versus Services sector average of 19.4. HAIN stock price has outperformed the Nasdaq by 7.9%. The Diversified Food company is currently valued at $6.99 billion and its share price closed the last trading session at $68.11. The stock has a 50-day moving average of $66.15 and a 200-day moving average of $62.
Hain Celestial Group Inc (HAIN) current short interest stands at 9.62 million shares. It has increased by 8% from the same period of last month. Around 10% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.63 million shares, the number of days required to cover the short positions stand at 15.3 days.
The company is expected to announce next quarter earnings on August 19, at consensus estimate of $0.55. Hain Celestial Group Inc (HAIN) reported last quarter earnings on May 06. The Diversified Food company announced earnings per share of $0.45 against a consensus Street estimate of $0.45, matching the average estimate. This corresponds to an increase of $0.01 compared to the same quarter of the previous fiscal year.
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There are currently nineteen analysts that cover Hain Celestial Group Inc stock. Of those nineteen, thirteen have a Buy rating, six have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $67.18.
A recent analyst activity consisted of Citigroup reiterating their Buy stance on June 10. Citigroup decreased price target from $75 to $72. This corresponds to a 5.71% upside from the last closing price. On the date of report, the stock closed at $62.76.
Longbow Research downgraded their Buy rating to Neutral on April 17, and fixed their price target at $66. This corresponds to a 3.1% downside from the last closing price. On the date of report, the stock closed at $64.01.
Another research firm was Wedbush who initiated their coverage on the stock with Outperform rating on March 3. Wedbush fixed their price target at $72. This translates to a 5.71% upside from the last closing price. On the date of report, the stock closed at $62.34.
Company profile
The Hain Celestial Group, Inc. is a natural and organic beverage, snack, specialty food, and personal care products company. The Company’s product line include grocery store foods such as organic cookies, cooking oils, sugar free products, kosher foods, snacks, and frozen foods, as well as organic skin, hair, and body products. Hain Celestial sells and markets in North America and Europe.
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