NEW YORK (TheStreet) -- Hain Celestial (HAIN) - Get Report  stock is up 8.5% to $51.30 this morning after the merger between WhiteWave Foods (WWAV) and Danone SA (DANOY) was announced this morning.

The New Hyde Park, NY-based organic food producer is speculated to be the next in line as an acquisition for Danone and shares surged to its highest single-day gain since August of 2014.

This comes after Danone, a Paris-based food company, announced its intention to acquire organic foods company WhiteWave for $12.5 billion.

With WhiteWave's products in Danone's portfoilio, the company will become the leader of the U.S. refrigerated dairy market.

Hain Celestial supplies Whole Foods Market (WFM) and other similar grocers. The company announced in May that it would reorganize operations and has been enacting $100 million in cost cuts.

TheStreet Recommends

Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B.

The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations.

TheStreet Ratings feels its strengths outweigh the fact that the company shows low profit margins.

You can view the full analysis from the report here: HAIN

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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