Hershey Given Average Recommendation of “Buy” by Brokerages (NYSE:HSY)
Shares of Hershey (NYSE:HSY) have received an average rating of “Buy” from the twelve ratings firms that are presently covering the stock, AR Network reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $107.42.
Hershey (NYSE:HSY) traded down 0.34% during mid-day trading on Tuesday, hitting $100.05. 198,368 shares of the company’s stock traded hands. Hershey has a 52 week low of $85.14 and a 52 week high of $108.69. The stock has a 50-day moving average of $103.3 and a 200-day moving average of $99.48. The company has a market cap of $22.392 billion and a P/E ratio of 27.81.
Hershey (NYSE:HSY) last announced its earnings results on Thursday, January 30th. The company reported $0.86 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.86. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.89 billion. Analysts expect that Hershey will post $4.13 EPS for the current fiscal year.
HSY has been the subject of a number of recent research reports. Analysts at Goldman Sachs downgraded shares of Hershey from a “neutral” rating to a “sell” rating in a research note on Wednesday, April 9th. They now have a $90.00 price target on the stock, down previously from $105.00. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Hershey from $111.00 to $114.00 in a research note on Monday, March 10th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Hershey in a research note on Wednesday, March 5th. They now have a $112.00 price target on the stock.
The Hershey Company is a producer of chocolate in North America and a provider in chocolate and sugar confectionery.
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