Herbalife Ltd. (HLF)’s Stock Formed A Several Months Bullish Multiple Top Chart Pattern

July 26, 2017 - By Adrian Mccoy

Investors sentiment decreased to 0.82 in 2016 Q4. Its down 0.13, from 0.95 in 2016Q3. It turned negative, as 50 investors sold Herbalife Ltd. shares while 67 reduced holdings. 34 funds opened positions while 62 raised stakes. 96.66 million shares or 9.73% more from 88.09 million shares in 2016Q3 were reported.
Fort L P holds 0.4% or 29,659 shares. American Century reported 55,397 shares stake. Chicago Equity Prns Limited Liability Com reported 51,550 shares. The Texas-based Next Financial Gp Incorporated has invested 0% in Herbalife Ltd. (NYSE:HLF). Manufacturers Life Insurance The reported 0% stake. Bbva Compass Bankshares invested in 0.02% or 5,685 shares. Winfield Assocs holds 0% or 10 shares. Employees Retirement Association Of Colorado has 0.01% invested in Herbalife Ltd. (NYSE:HLF). Advent Management De stated it has 63,700 shares or 0.06% of all its holdings. Moreover, Credit Suisse Ag has 0.21% invested in Herbalife Ltd. (NYSE:HLF). University Of Notre Dame Du Lac reported 92,063 shares. The North Carolina-based Bancshares Of America Corporation De has invested 0.03% in Herbalife Ltd. (NYSE:HLF). Grt Capital Ltd Liability Company invested in 5,206 shares or 0.07% of the stock. Route One Lp invested in 7.87% or 5.23M shares. Cornerstone Mngmt Holdg Ltd Company stated it has 0.03% of its portfolio in Herbalife Ltd. (NYSE:HLF).

The stock of Herbalife Ltd. (HLF) shows a multiple tops pattern with $74.79 target or 8.00 % above today’s $69.25 share price. The 6 months chart pattern indicates low risk for the $6.34B company. It was reported on Jul, 26 by Finviz.com. If the $74.79 price target is reached, the company will be worth $507.20 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.17% or $0.12 during the last trading session, reaching $69.25. About shares traded. Herbalife Ltd. (NYSE:HLF) has risen 20.65% since July 26, 2016 and is uptrending. It has outperformed by 3.95% the S&P500.

Wall Street await Herbalife Ltd. (NYSE:HLF) to release earnings on August, 1 after the close. Analysts forecast earnings per share of $1.10, down exactly $0.19 or 14.73 % from 2014’s $1.29 EPS. The expected HLF’s profit could reach $100.71M giving the stock 15.74 P/E in the case that $1.10 earnings per share is reported. After posting $1.24 EPS for the previous quarter, Herbalife Ltd.’s analysts now forecast -11.29 % negative EPS growth.

Herbalife Ltd. (NYSE:HLF) Ratings Coverage

Among 5 analysts covering Herbalife (NYSE:HLF), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Herbalife has $120 highest and $54.88 lowest target. $73.82’s average target is 6.60% above currents $69.25 stock price. Herbalife had 16 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, August 7, the company rating was downgraded by Vetr. The company was downgraded on Monday, August 31 by Vetr. The rating was upgraded by Zacks on Friday, August 7 to “Hold”. Pivotal Research maintained it with “Buy” rating and $12000 target in Wednesday, July 19 report. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, August 4 report. The stock of Herbalife Ltd. (NYSE:HLF) has “Buy” rating given on Tuesday, August 4 by Pivotal Research. Sterne Agee CRT initiated the shares of HLF in report on Tuesday, July 21 with “Neutral” rating. As per Wednesday, November 4, the company rating was maintained by Pivotal Research. The firm has “Buy” rating given on Monday, June 5 by Pivotal Research. The firm earned “Buy” rating on Friday, May 5 by Pivotal Research.

More notable recent Herbalife Ltd. (NYSE:HLF) news were published by: Seekingalpha.com which released: “Herbalife: A Viable Short” on July 18, 2017, also Seekingalpha.com with their article: “Herbalife And The Coming Paradigm Inversion” published on June 30, 2017, Seekingalpha.com published: “Herbalife: A Preview Of Q2 In North America” on July 14, 2017. More interesting news about Herbalife Ltd. (NYSE:HLF) were released by: Seekingalpha.com and their article: “Herbalife: The Long And Short Of It” published on June 26, 2017 as well as Benzinga.com‘s news article titled: “Controversies Surrounding Chipotle, Herbalife Don’t Faze This Analyst” with publication date: July 21, 2017.

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