D.A. Davidson analyst Brian Holland has maintained their bullish stance on NATR stock, giving a Buy rating yesterday.
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Brian Holland has given his Buy rating due to a combination of factors that highlight the potential for Nature’s Sunshine Products’ stock. The company’s recent financial performance has been strong, with first-quarter results exceeding both internal and external expectations. This includes an adjusted EBITDA of $11.0 million, surpassing the estimated $9.5 million, and a gross margin increase driven by price adjustments and cost-saving measures.
Additionally, the company’s proactive management and strategic initiatives, such as the $25 million share repurchase authorization, demonstrate a commitment to enhancing shareholder value. The growth in key regions like Asia Pacific and Europe, along with improvements in North America’s sales performance, further bolster the positive outlook. These factors, combined with a clean balance sheet and the stock trading near multi-year low EV/EBITDA levels, present a compelling risk-reward scenario for investors.
In another report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $21.00 price target.