Maxim notes that it has observed consolidation in the consumer-packaged goods industry over the past three months, particularly in the area of healthy snacking. Seeing Hain Celestial as a leading producer of better-for-you snacks, the firm believes the company could be an attractive acquisition target for consumer-packaged goods manufacturers seeking to take advantage of the health and wellness trend within snack foods. Based on Maxim's analysis of comparable transactions, it thinks the starting point for a potential acquisition of Hain would be $55-$60 per share.