U.S. Markets close in 1 hr 26 mins

Hain Celestial Traded above Key Moving Averages

Sue Miller

What Can Investors Expect from Hain Celestial's 3Q16 Results?

(Continued from Prior Part)

Hain Celestial’s moving averages

Hain Celestial Group (HAIN) closed trade at $42.24 on April 28. The stock is trading 8.5% above its 100-day moving average, 5.1% above its 50-day moving average, and 2.5% above its 20-day moving average. So far, the stock has risen 5% in 2016. Hain Celestial’s peers in the industry include Campbell Soup (CPB), General Mills (GIS), and McCormick & Company (MKC).

Analysts’ estimates

Campbell Soup closed trade at $61.49 on April 28. This is 5.1% above its 100-day moving average and 1.9% below both its 50-day and 20-day moving average. So far, the stock has risen by 17% in 2016. General Mills closed at $59.86 on April 28. This is 3.7% above its 100-day moving average, 0.1% below its 50-day moving average, and 2.0% below its 20-day moving average. So far, General Mills has risen 6% in 2016.

McCormick & Company is trading 3.3% above its 100-day, 2% below its 50-day moving average, and 3% below its 20-day moving average, respectively. So far, it has risen by 9% in 2016. McCormick & Company closed at $93.37 on April 28.

The PowerShares Dynamic Food & Beverage Portfolio (PBJ) invests 2.7% of its holdings in McCormick & Company and 5.1% of its holdings in General Mills. PBJ is trading 1.4% above its 100-day moving average, 1.9% below its 50-day moving average, and 2.9% below its 20-day moving average, respectively. It closed at $32.38 on April 28. Analysts’ estimates indicate upsides of 12% for Hain Celestial and 1.7% for McCormick & Company from their current levels for the next 12-month period. Meanwhile, Campbell Soup and General Mills already beat analysts’ estimates by 0.69% and 2.8%, respectively, as of April 28.

Browse this series on Market Realist: