Hain Celestial Group shows relatively strong fundamentals and is coming back to attractive prices.
However, analysts have revised slightly downward their earnings forecasts.
With an EPS estimated at USD 2.04 for this year and USD 2.36 for the next year, Hain Celestial Group is currently paid 20 and 17.5 times the results.
The technical configuration show an horizontal phase near the USD 40.4, the main daily support. In this area, already tested weeks ago, the stock should rebound with USD 46.75 resistance as main target.
This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the 20-day moving average and then the USD 46.75.
Therefore, the proximity of the USD 40.37 support is an opportunity to go long on Hain Celestial Group. The main goal is a return in the USD 46.76 resistance area, that is a potential of 13.5%. A stop loss order can be placed under the support currently tested.
The Hain Celestial Group, Inc. is a global health and wellness company. The Company operates through two segments: North America Segment, and International Segment. The Companyâs North America Segment includes the United States and Canada. The Companyâs International Segment includes the United Kingdom, and Europe. The Company's brands include Garden Veggie Snacks, Terra chips, Garden of Eatin snacks, Earths Best and Ellas Kitchen baby and toddler foods, Celestial Seasonings teas, Joya and Natumi plant-based beverages, Greek Gods yogurt, Yorkshire Provender, Cully & Sully and Covent Garden soups, Yves and Linda McCartneys (under license) meat-free, Alba Botanica natural sun care, and Live Clean personal care products, among others. The Company sells its products through specialty and natural food distributors, supermarkets, natural food stores, mass-market and e-commerce retailers, food service channels and club, drug and convenience stores worldwide.
THE HAIN CELESTIAL GROUP, INC. 
