Jefferies Reiterates Hold Rating on Hain Celestial (HAIN)

Jefferies analyst Kaumil Gajrawala reiterated a Hold rating and $7.55 price target on Hain Celestial (NASDAQ: HAIN)

The analyst comments "F2Q org. sales down 6.8% and Adj. EBITDA of $38m (-20%) were below expectations (Street -3.3%, $42m) with execution and operational issues playing a role. Soft 1H and macro uncertainty the main factors for lower guidance (org. sales -2 to -4%, flat Adj. EBITDA). Gap between underlying improvements and reported results expected to shrink as 2H pivots to growth, but there are several moving parts, introducing risk."

For an analyst ratings summary and ratings history on Hain Celestial click here. For more ratings news on Hain Celestial click here.

Shares of Hain Celestial closed at $4.69 yesterday.

You May Also Be Interested In

• Evercore ISI Reiterates Underperform Rating on Lennar (LEN)
• Ticketplus files for IPO with shares priced between $13-$15
• Laser Photonics regains NASDAQ compliance after filing quarterly report