Herbalife's stock jumps as it reveals it was in buyout talks

Screen Shot 2017 08 21

Herbalife LTD. Herbalife LTD.'s quarterly revenue was down 4.6% on a year-over-year basis.

Shares are up 8% premarket. (HLF) traded down 0.42% during midday trading on Friday, hitting $61.95. Hap Trading Ltd Liability Company accumulated 49,752 shares or 0.12% of the stock. Share performance for the month is now at -12.36%. This recommendation lands on a scale between 1 and 5. With the last close up -3.89% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the date range. Herndon Capital Mgmt Ltd Liability Com reported 0% in Herbalife Ltd. (NYSE:HLF).

Herbalife Ltd. (NYSE:HLF)'s earnings per share has been growing at a -1.9 percent rate over the past 5 year when average revenue increase was noted as 5.4 percent.

Zacks Investment Research has downgraded Herbalife Ltd. (NYSE:HLF) to Hold in a statement released on 7/04/2017. On Tuesday, August 4 the stock rating was maintained by Barclays Capital with "Overweight".

FT reports, The 4 analysts offering 12 month price targets for Herbalife Ltd. have a median target of 73.50, with a high estimate of 120.00 and a low estimate of 67.00. The rating was maintained by Pivotal Research on Wednesday, August 2 with "Buy". At the time of writing, the First Call consensus price target for the company is $83.50. If you are viewing this piece on another website, it was stolen and republished in violation of United States and worldwide trademark and copyright law. The legal version of this report can be accessed at https://weekherald.com/2017/08/21/herbalife-ltd-hlf-given-buy-rating-at-tigress-financial.html.

A number of key analysts, polled by FactSet, shared their views about the current stock momentum. Gateway Investment Advisers LLC increased its position in shares of Herbalife LTD.by 37.1% in the first quarter. Sei Investments Co. now owns 12,845 shares of the company's stock valued at $747,000 after buying an additional 797 shares during the period. Acadian Asset Management LLC purchased a new position in Herbalife LTD. during the second quarter valued at $106,000. Sg Americas Ltd Liability Corporation reported 7,180 shares or 0% of all its holdings. The Manufacturers Life Insurance Company now owns 2,821 shares of the company's stock valued at $201,000 after buying an additional 189 shares during the last quarter. Finally, World Asset Management Inc acquired a new position in shares of Herbalife LTD. during the first quarter valued at about $227,000.

Herbalife Ltd.is a global nutrition company. The Firm develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products.

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