Nu Skin Enterprises (NYSE:NUS) had its target price boosted by research analysts at Deutsche Bank from $75.00 to $77.00 in a report issued on Friday. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 11.48% from the company’s current price.
A number of other equities analysts have also recently commented on the company. Stifel Nicolaus lifted their price target on Nu Skin Enterprises from $50.00 to $57.00 and gave the stock a “sell” rating in a research note on Friday. Pivotal Research reaffirmed a “buy” rating and issued a $90.00 price target on shares of Nu Skin Enterprises in a research note on Friday. ValuEngine raised Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Citigroup reaffirmed a “buy” rating and issued a $81.00 price target (up from $70.00) on shares of Nu Skin Enterprises in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research raised Nu Skin Enterprises from a “sell” rating to a “hold” rating and set a $78.00 price target on the stock in a research note on Saturday, December 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $71.29.
Shares of Nu Skin Enterprises (NYSE NUS) opened at $69.07 on Friday. The firm has a market capitalization of $3,831.34, a P/E ratio of 29.14, a P/E/G ratio of 2.26 and a beta of 1.46. Nu Skin Enterprises has a 12-month low of $47.10 and a 12-month high of $74.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.78 and a quick ratio of 1.18.
In other Nu Skin Enterprises news, Chairman Steven Lund sold 42,000 shares of Nu Skin Enterprises stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $68.11, for a total value of $2,860,620.00. Following the transaction, the chairman now directly owns 4,769 shares of the company’s stock, valued at approximately $324,816.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 195,978 shares of company stock worth $13,512,733 over the last ninety days. Insiders own 5.20% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of NUS. Wells Fargo & Company MN increased its stake in shares of Nu Skin Enterprises by 14.8% during the second quarter. Wells Fargo & Company MN now owns 49,408 shares of the company’s stock valued at $3,105,000 after buying an additional 6,361 shares during the period. Virtu KCG Holdings LLC purchased a new position in shares of Nu Skin Enterprises during the second quarter valued at approximately $255,000. Janus Henderson Group PLC purchased a new position in shares of Nu Skin Enterprises during the second quarter valued at approximately $1,973,000. Cubist Systematic Strategies LLC purchased a new position in shares of Nu Skin Enterprises during the second quarter valued at approximately $573,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Nu Skin Enterprises by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 73,141 shares of the company’s stock valued at $4,596,000 after buying an additional 1,581 shares during the period. 77.00% of the stock is currently owned by hedge funds and other institutional investors.
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Nu Skin Enterprises Company Profile
Nu Skin Enterprises, Inc is a direct selling company that develops and distributes personal care products and nutritional supplements, and a range of other products and services. The Company offers anti-aging personal care products and nutritional supplements under its Nu Skin and Pharmanex brands. The Nu Skin brand offers a range of products, including ageLOC Me customized skin care system, ageLOC Spa systems and ageLOC Transformation anti-aging skin care system.
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