Why The Hain Celestial Group, Inc. (NASDAQ:HAIN) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $44.4700 on The Hain Celestial Group, Inc. (NASDAQ:HAIN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.9900 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of The Hain Celestial Group, Inc. (NASDAQ:HAIN) stands at 17.9811.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For The Hain Celestial Group, Inc., the PEG ratio for coming 3-5 years is 1.4500.

Technical Analysis

The technical analysis highlights that The Hain Celestial Group, Inc. current is trading $-11.9355 points away or -24.9375% from its 50-day moving average of $47.8617. Further it is trading $-9.2268 or -20.4345% away its 200-day moving average of $45.1530.

The 52-week high of The Hain Celestial Group, Inc. (NASDAQ:HAIN) was $60.3000 while lowest point recorded in 52-week was $33.1200. It implies if stock price makes a movement of over $-24.3738, it will record a new 52-week high. In the case of +8.4728% drop, it will touch a new 52-week low.

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