Hain Celestial Trades below Key Moving Averages

Hain Celestial Gets 74% ‘Buy’ Ratings after Fiscal 2Q16 Earnings

(Continued from Prior Part)

Hain Celestial’s moving averages

The Hain Celestial Group (HAIN) closed yesterday’s trade at $34.85. The stock is trading 22.7% below its 100-day moving average, 10.3% below its 50-day moving average, and 4% below its 20-day moving average. The stock has fallen by 17% in the last two months. Hain Celestial’s peers in the industry include ConAgra Foods (CAG), General Mills (GIS), McCormick & Company (MKC), and Kellogg (K).

Analysts’ estimates

ConAgra Foods (CAG) closed yesterday’s trade at $40.91, which is 0.5% above its 50-day moving average and 1.8% above its 20-day moving average. The stock has risen by 3% in the last two months.

General Mills (GIS) closed yesterday at $55.80, which is 2.1% below its 100-day moving average, 2.2% below its 50-day moving average, and 0.5% above its 20-day moving average. GIS has fallen by 0.55% during the last two months.

McCormick & Company (MKC) is trading 4.5%, 3.3%, and 4.6% above its 100-day, 50-day, and 20-day moving averages, respectively, and has risen by 1.2% in the last two months. Kellogg (K) has risen by 2.3% in the last two months and is trading 3.9%, 2.1%, and 1.2% above its 100-day, 50-day, and 20-day moving averages, respectively. MKC and K closed at $87.69 and $72.38, respectively, in yesterday’s trade.

The PowerShares Dynamic Food & Beverage Portfolio (PBJ) invests 2.7% of its holdings in MKC and 5.1% of its holdings in GIS. The ETF is trading 2.9% and 1.7% below its 100-day and 50-day moving averages, respectively. It is trading 1.2% above 20-day moving average and closed at $31.33 in yesterday’s trade.

Analysts’ estimates

Analysts’ estimates indicate upsides of 29.3% for HAIN, 10.3% for CAG, and 5.1% for GIS from their current levels for the next 12-month period. Meanwhile, MKC and K have already beaten estimates by 0.65% and 0.01%, respectively, as of February 2. As of yesterday, HAIN, CAG, GIS, MKC, and K reported YTD (year-to-date) returns of -13.7%, -3.0%, -3.2%, 2.5%, and 0.2%, respectively. PSL has fallen by 2.7% YTD.

In the next part of this series, we’ll look at analysts’ recommendations for HAIN after the fiscal 2Q16 earnings release.

Continue to Next Part

Browse this series on Market Realist:

• Part 1 - Hain Celestial’s Earnings Rose ~6% in Fiscal 2Q16

• Part 2 - Hain Celestial’s Revenue Rose by 8% in Fiscal 2Q16

• Part 3 - Hain Celestial’s HPPC Segment Grew 64% in Fiscal 2Q16