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Downgrade Alert for Hain Celestial (HAIN)

By Shiri Gupta

Hain Celestial (NASDAQ:HAIN) was downgraded from Buy to Neutral at SunTrust today. The stock closed yesterday at $39.35 on volume of 41.6 million shares, above average daily volume of 1.1 million.

Hain Celestial has overhead space with shares priced $39.35, or 36.0% below the average consensus analyst price target of $61.44. The stock should run into initial resistance at its 50-day moving average (MA) of $40.83 and subsequent resistance at its 200-day MA of $46.74.

Hain Celestial share prices have moved between a 52-week high of $70.65 and a 52-week low of $33.12 and closed yesterday at 19% above that low price at $39.35 per share. The 200-day and 50-day moving averages have moved 1.08% lower and 1.37% higher over the past week, respectively.

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.

SmarTrend is tracking the current trend status for Hain Celestial and will alert subscribers who have HAIN in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades hain celestial

Ticker(s): HAIN