Herbalife Nutrition Ltd. (HLF) sank -3.02% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 65.2% and is now down by -3.46% since start of this year. A look at its monthly performance shows that the stock has recorded a -0.44% fall over the past 30 days. Its equity price climbed by 11.61% over the past three months which led to its overall six-month increase to stand at 5.21%.
Experts from research firms are bullish about the near-term performance of Herbalife Nutrition Ltd. with most of them predicting a $62.6 price target on a short-term (12 months) basis. The average price target by the analysts will see a 10% rise in the stock and would lead to HLF’s market cap to surge to $9.81B. The stock has been rated an average 1.7, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 6 analysts that track Herbalife Nutrition Ltd. (NYSE:HLF) and find out that 2 of them rated it as a Hold. 4 of the 4 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at HLF technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 46.16 point. Its trading volume has lost -187520 shares compared to readings over the past three months as it recently exchanged 1042480 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1230000 shares, and this is 0.85 times the normal volume.
Analysts have predicted a price target for Best Buy Co., Inc. (BBY) for 1 year and it stands at an average $69.62/share. This means that it would likely increase by 23.2% from its current position. The current price of the stock has been moving between $56 and $57.55. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $50. On the other hand, one analyst is super bullish about the price, setting a target as high as $90.
Analysts view Best Buy Co., Inc. (NYSE:BBY) as a Hold, with 2.9 consensus rating. Reuters surveyed 25 analysts that follow BBY and found that 18 of those analysts rated the stock as a Hold. The remaining 7 were divided, with 5 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Best Buy Co., Inc. (BBY) shares or sell it if they already own it.