J.P. Morgan Overweight On Hain Celestial Group

J.P. Morgan Chase & Co. is out with a research report on Hain Celestial Group (NASDAQ: HAIN) and it has an Overweight rating and a $39 price target after it reported earnings.

In a note to clients, J.P. Morgan Chase & Co. writes, "Hain Celestial yesterday reported adjusted earnings per share of $0.35 for its fiscal (June) four quarter, above the consensus estimate of $0.33 and our estimate of $0.32. Top line momentum continued this quarter, increasing an impressive 31%, following a 30% increase in 3Q. Hain provided an initial F2012 adjusted EPS guidance range of $1.50-1.60, above the consensus estimate of $1.50. Raising estimates and maintain OW."

Shares of HAIN gained $2.51 yesterday to close at $30.86, a gain of 8.85%.