BMO Nesbitt Burns analyst Amit Sharma upgraded Hain Celestial Group to “outperform”.
BMO Nesbitt Burns analyst Amit Sharma upgraded Hain Celestial Group to “outperform” from “market perform,” believing that a recent slide in the stock “has created a compelling entry point to own one of the most attractive growth stories in the U.S. packaged-food universe.
“Despite investors’ fear of top-line deceleration, measured channel trends appear to be stable or accelerating in four of Hain's five key segments in the U.S.,” Mr. Sharma said. “In fact, even in the baby food and Greek yogurt categories, which have garnered most investor attention, Earth’s Best pouch sales have more than tripled, and Greek Gods sales have posted 40 per cent-plus growth, over the last six months.”
Upside: Mr. Sharma has a target price of $67 (U.S.)
I agree that HAIN is a great long term buy and hold stock. You have to ride the ups and downs but the trend is up. Look at other stocks like GWW to see what holding through the ups and downs gets you in a decade...
I've held HAIN shares since 9/3/03 (and have rode it up and down lol), added a third more at the end of 2009 and sold a few shares last Sept 4.
Both GWW & HAIN have been good performers over the past ten years (12/31/12 - 12/31/12):
GWW Total Return: 364%
HAIN Total Return: 257%
Not fun when HAIN declines, but it is fun when it rises!
Short term: who knows, but long term, I am positive.
See what happens.