Citigroup Maintains Nu Skin Enterprises to Buy with Price Target $61.00

Brokerage firm Citigroup Maintains its rating on Nu Skin Enterprises(NYSE:NUS). In a research note issued to the investors, the brokerage major Raises the price-target to $61.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Aug 5, 2016.

In a different note, On Jul 25, 2016, Jefferies said it Maintains its rating on Nu Skin Enterprises. In the research note, the firm Raises the price-target to $41.00 per share. The shares have been rated ‘Hold’ by the firm. Jefferies said it Initiates Coverage on Nu Skin Enterprises, according to a research note issued on Jun 3, 2016. The shares have been rated ‘Hold’ by the firm.

Nu Skin Enterprises (NUS) made into the market gainers list on Wednesdays trading session with the shares advancing 0.63% or 0.37 points. Due to strong positive momentum, the stock ended at $58.84, which is also near the day’s high of $58.97. The stock began the session at $58.64 and the volume stood at 5,26,645 shares. The 52-week high of the shares is $60.87 and the 52 week low is $23.51. The company has a current market capitalization of $3,292 M and it has 5,59,41,494 shares in outstanding.

Nu Skin Enterprises has also declared a cash dividend of $0.3550 on Aug 4, 2016. The shares will quote ex-dividend on Aug 24, 2016 and the record date has been fixed on Aug 26, 2016. The dividend payable date has been fixed on Sep 14, 2016.

Nu Skin Enterprises(NUS) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $600.48M. Analysts had an estimated revenue of $581.62M. Earnings per share were $0.79. Analysts had estimated an EPS of $0.79.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2016, Ritch N Wood (CFO) purchased 7,500 shares at $33.32 per share price.Also, On Mar 7, 2016, Joseph Y Chang (Chief Scientific Officer) sold 20,000 shares at $34.21 per share price.On Aug 19, 2015, Scott E Schwerdt (President, Americas Region) sold 18,750 shares at $45.96 per share price, according to the Form-4 filing with the securities and exchange commission.

Nu Skin Enterprises Inc. is a global direct selling company marketing personal care and nutritional products in 53 markets worldwide. The Company develops and distributes anti-aging personal care products and nutritional supplements under its Nu Skin and Pharmanex brands respectively. The Company has Pharmanex nutritional supplements and Nu Skin personal care products under its age LOC anti-aging brand. The Company offers anti-aging personal care products. Products in this category include its ageLOC Galvanic Spa System its ageLOC Galvanic Body Spa ageLOC Galvanic Spa Body Shaping Gel and ageLOC Dermatic Effects Body Contouring Lotion and its ageLOC Transformation anti-aging skin care system. The Company markets a variety of products under its Pharmanex brand. LifePak its line of micronutrient supplements. Other anti-aging nutritional supplements include its ageLOC R2 which is designed to renew and recharge the body.

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